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funding gap emerging markets
Philippines

M&W Sushi Bar

  • NPFC
  • Invest in microfinance
  • + 7 other investors
  • Warren will be able to put 5 people to work with a loan of EUR 4,200. He will open a new sushi bar.

    €4,200
    Amount
    3.00%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€4,200
    Interest3.00%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 33 days on 29 October 2014.

      The project

      Location is one of the factors that must be considered in doing a business. This is evident in the sushi making business of the 31 year old, Mr. Warren Jose. He was able to put up his business in the Suki Market in Quezon City where most of his target clients usually go.

      Before having his own business, Warren worked at Tokyo-Tokyo as a production crew member where he gained his knowledge in sushi making. After his employment at Tokyo-Tokyo, he worked as a helper in “Paluto sa Suki” where he then acquired further knowledge in running a business. This is also where destiny brought him to meet his wife Margie. The couple started their own venture in sushi making back in 2004 when their Ninang (God Mother) offered them space on a market site. Aside from sushi, M&W Sushi Bar also offers other types of Japanese food, like traditional Japanese barbecue and salads. These products are sold in the canteen of universities such as UST, MAPUA and De La Salle by their regular customers who order the products on a daily basis. They join bazaars and also entertain the demands of their customers even on holidays. Another aspect that made the business successful is the sushi making show in which customers are able to see how sushi and other products are created right in front of them.

      Currently, the company employs 10 workers who are mostly relatives and neighbors, but they also hire extra workers in its peak season in December. The majority of the workers are stay-in, provided with free meals and vitamins. Aside from the just compensation that the workers receive, Margie and Warren also organize an outing every summer as their simple way of saying thank you to their committed employees.

      Lendahand’s partner NPFC helped Warren Jose in acquiring additional working capital for the expansion of his business. The loan will be used to put up a new branch and also hire 5 additional workers for that branch and will be repaid in 12 months.

      Company nameNPFC
      CEOWarren Jose
      Founded2004-01-01
      LocationQuezon City
      SectorWholesale / Retail
      Turnover€45,883.48
      Employees10

      Impact

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

      • With this investment 5 jobs are created
      • With this investment 20 lives are improved

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      We have already contributed to M&W Sushi Bar

      Hajé van Egmond
      Bart van Vliet
      Dieske Kruisselbrink
      + and another
      7
      investors