First investment? Get €500 guaranteed with code GOODSTART.
Find out how
funding gap emerging markets
Philippines

Sonisa Paints & Prints

  • NPFC
  • Invest in microfinance
  • + 6 other investors
  • With EUR 2,600 Noelle is able to benefit from the coming peak season and to hire 5 additional workers.

    €2,600
    Amount
    3.00%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€2,600
    Interest3.00%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 8 days on 22 December 2014.

      The project

      Noelle Pua Santos has a bachelor degree in Accountancy and currently lives in the Philippian capital Manila. When she worked for Polygrapichics Corp., she first contemplated the thought of starting her own company in the printing business. During her employment at Polygraphics Corp., she developed her idea into a viable business plan and resigned after two years to start her own company called Sonisa Paints and Prints.

      There currently are 15 workers stationed at Sonisa, most of which are senior citizens, housewives and students that work part-time. They intend to hire 5 to 10 more employees the coming months because of the increasing demand during the Christmas season. Wages are above minimal and come with complementary meals each day. The employees sometimes assist medical teams in the area by giving additional medicines and by supporting a feeding program for the local homeless children.

      Together with local partner NPFC will Lendahand support Noelle by providing a loan to finance the increasing supply needs and to pay for the extra employees during the peak season. The loan will be repaid in 12 months.

      Company nameNPFC
      CEONoelle Santos
      Founded1966-01-01
      LocationCaloocan City
      SectorServices
      Turnover€43,419.30
      Employees15

      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

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.