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funding gap emerging markets
Philippines

Jenzell Garments

  • NPFC
  • Invest in a Financial Institution
  • + 10 other investors
  • With EUR 3,000 Maria can purchase some new machines ánd create jobs for 3 people.

    €3,200
    Amount
    3.00%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€3,200
    Interest3.00%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 22 days on 31 October 2014.

      Summary

      Both Mrs. Manlapaz and her spouse started as a pattern-maker of a clothing company specializing on children’s clothes. They eventually resigned and were offered by their employer to set-up their own business and act as sub-contractor to their former company. Their knowledge in the garments industry/business encouraged them to venture in the said business and even export their products, but it was a rough start as they experienced delay in the payment of their customers abroad. The experience prompted them to focus on local clients instead. From employing 15 workers and from setting up the business in their own residence, the business grew and now employs 25 workers and they set up an additional factory area for production. They came to know NPFC thru an existing client. They will use the loan proceeds as additional working capital for their business.
      Company nameJenzell Garments
      CEOMaria Manlapaz
      Founded2006-01-01
      LocationANTIPOLO, CITY
      SectorManufacturing / Production
      Turnover€119,355.07
      Employees25

      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 Jenzell Garments

      Jos Dingemans
      Bart van Vliet
      + and another
      10
      investors