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funding gap emerging markets
Philippines

Romachem Enterprises

  • NPFC
  • Invest in a Financial Institution
  • + 11 other investors
  • With EUR 5,000 Cecilyn is able to expand the production capacity and product offering of her industrial company.

    €5,000
    Amount
    3.00%
    Interest
    18 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€5,000
    Interest3.00%
    Maturity18 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 29 days on 19 December 2014.

      Summary

      Cecilyn Perez worked as a chemist for her father's company Acron after she graduated from college. Due to a lot of clashes between Cecil and her father, she decided to start her own business. In 2001 Cecil founded Romachem Enterprises, but stayed employed at Acron in the beginning, because she did not have the expertise yet to manufacture the complex products on her own.

      In 2004, it was time for Cecil to resign at Acron and to start managing her business on a full-time basis. Romachem Enterprises manufactures high quality industrial lubricants and chemicals for the automotive industry for example. The products can be purchased online and are distributed throughout various dealers in Metro Manila and to other neighboring provinces. Currently, Romachem Enterprises employs 11 workers with Cecil's husband working as the operations manager. Currently Cecil’s plans to expand the product- and service lines by putting together a team of experts in the field of water treatment and wastewater management. If the team comes to a new product offering, she will be able to hire more workers.

      Together with local partner's NPFC Lendahand will support Romachem Enterprises in acquiring additional working capital to boost the production and to expand the business’ product line.

      Company nameRomachem Enterprises
      CEOCecilyn Perez
      Founded2001-01-01
      LocationQuezon City
      SectorManufacturing / Production
      Turnover€80,206.47
      Employees11

      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 Romachem Enterprises

      Jan de Wit
      Derkjan van Veen
      + and another
      11
      investors