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funding gap emerging markets
Philippines

Lulay's Subcon

  • NPFC
  • Invest in a Financial Institution
  • + 19 other investors
  • Teresa needs a loan of EUR 5,800 to be able to replace the old sewing machines in her clothing business.

    €5,800
    Amount
    3.00%
    Interest
    18 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€5,800
    Interest3.00%
    Maturity18 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 45 days on 18 November 2014.

      Summary

      From a simple employee to owner of a growing sub-con of clothing business, this is how Teresa Monzones started her business. In 1994, Ms. Monzones and her spouse decided to step out from their careers and set up their garments business - creating school uniforms and dress for kids and adults. With the craft they have chosen, they were able to employ some of their neighbors. At present, they employ 14 employees wherein they provide free accommodation and meals. In their desire to help their community, they granted 1 of their employees a full scholarship, and have the ambition to do the same for more employees.

      Together with local partner NPFC Lendahand will support them by granting a loan intended to overhaul their sewing machines and additional working capital to meet the demands of their growing number of clients. The loan will be repaid in 18 months.

      Company nameLulay's Subcon
      CEOTeresa Monzones
      Founded1994-01-01
      LocationAlaminos Laguna
      SectorManufacturing / Production
      Turnover€75,054.74
      Employees14

      Impact

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

      • With this investment 3 jobs are created
      • With this investment 12 lives are improved

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      We have already contributed to Lulay's Subcon

      Leendert Smit
      Elke Krekels
      Johan Feddema
      + and another
      19
      investors