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funding gap emerging markets
Philippines

LTM Urban Crafts

  • NPFC
  • Invest in a Financial Institution
  • + 7 other investors
  • With a loan of EUR 1,800 Leona will be able to purchase more water hyacinth and expand her business.

    €1,800
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€1,800
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 day on 12 May 2016.

      Summary

      Water Hyacinth or Water lily can be found in rivers that are fast growing plant covering the entire river. It is considered as harm and pest for the water because it blocks the air and sunlight for the fishes, and also causes flooding in the city. With a creative mind she has, Mrs. Leona Fe Edelloran of Pasig City, then decided to have a livelihood program in relation to water lily in 2006. Around 40 families are provided with jobs because they do harvesting, drying, and peeling its parts then sells it to Fe, where she uses as main raw materials in making different type of bags and home decorations. These family also makes Fe’s product.

      With this kind of business she has, Fe has a huge contribution in the environment and to poor families in the area.

      She sometimes join some local festivities or events held by local government and agencies which helps her in marketing her products.

      In preparation for the upcoming rainy season and orders that received, Leona Fe will purchase 100 kilograms of water hyacinth which will be a big help in clearing the water resources. She will be assisted by NPFC and LendAHand.

      Leona Fe Edelloran owns “LTM Urban Crafts, that started in 2006 at Nagpayong, Pasig City. 

      Company nameLTM Urban Crafts
      CEOLeona Fe Edelloran
      Founded2006-01-01
      LocationPasig City
      SectorManufacturing / Production
      Turnover€27,400.64
      Employees40

      Impact

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

      • With this investment 1 job is created
      • With this investment 4 lives are improved

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      We have already contributed to LTM Urban Crafts

      A. Pronk
      Frans Wittenberg
      + and another
      7
      investors