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funding gap emerging markets
Philippines

Mars Stone Supply

  • NPFC
  • Invest in microfinance
  • + 9 other investors
  • Mary Ann is a real entrepreneur. With EUR, 5,000 she wants to expand her business in decorative stones.

    €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 25 days on 30 December 2014.

      The project

      Mary Ann Laput is a mother of ten (10) children. Me-an, as she is called by her friend, is very entrepreneur minded that she had never been employed. She was engaged in doing trade through buy and sells and even owns a bakery. When the family transferred to Manila in 2006 from Masbate, Me-an opened a business named Mars Stone Supply by starting as supplier of decorative stones and garden rocks with a capital of Php. 500.00 from their savings. She went onto this business since her husband grew up on the same business. And after four years, Mars Stone Supply was able to set up a physical store. The products are sold to areas like Marikina City, Antipolo City, Province of Laguna, and the Province of Cavite. Currently, Me-an is employing sixteen (16) workers where there is only one (1) female. The workers’ wages are either on a monthly or piece rate and are given free lodgings with free consumption of electricity and water. Me-an plans to expand her clientele and suppliers. Lendahand partner's NPFC is supporting Mars Stone Supply in acquiring additional working capital to boost the production and support for the incoming orders.
      Company nameNPFC
      CEOMary Ann Laput
      Founded2006-01-01
      LocationQUEZON CITY
      SectorWholesale / Retail
      Turnover€132,825.39
      Employees16

      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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