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funding gap emerging markets
Philippines

Flora Handicrafts

  • NPFC
  • Invest in a Financial Institution
  • + 9 other investors
  • Flora would like to export more wind chimes to China. With a loan of EUR 4,700 she can realize this.

    €4,600
    Amount
    3.00%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€4,600
    Interest3.00%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 29 days on 24 July 2014.

      Summary

      Flora Handicraft, a business that focus on seashell, cocoshell and woodcraft is owned by a sixty three (63) year old, Flora Baclay. The client and her husband Virgilio were former factory workers of an international rattan furniture company in Mandaue for several years (7) before they decided to have their own business. Flora Handicraft is now on its 30th year in business operation with fifteen (15) in-house workers but sixty percent (60%) of its production is composed of household job-outers. These job-outers were paid upon delivery of the products they made in their individual houses and their salary is based on the number of the products they delivered.

      Wall décor, shell curtain and wind chime are some of the products of Flora Handicrafts. The business sells the products locally but is also subcontracting with local exporters and at the same time exporting products directly to China and other nearby countries.

      Lendahand partner’s NPFC supported Flora Handicrafts in acquiring additional capital to purchase the necessary raw materials needed to produce the products which are ordered from other countries.

      Company nameFlora Handicrafts
      CEOFlora Baclay
      Founded1984-01-01
      LocationMandaue city Cebu
      SectorManufacturing / Production
      Turnover€58,968.05
      Employees15

      Impact

      There is currently no information available for this section. Check the Summary tab for more details.

      • With this investment 2 jobs are created
      • With this investment 8 lives are improved

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      We have already contributed to Flora Handicrafts

      Dieske Kruisselbrink
      Hajé van Egmond
      Jan de Wit
      Gert Mosterd
      + and another
      9
      investors