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funding gap emerging markets
Philippines

Pectos Bakery

  • NPFC
  • Invest in microfinance
  • + 13 other investors
  • A loan of EUR 4,200 enables Lucia to start exporting her bakery products in 2015 to countries nearby.

    €4,200
    Amount
    3.00%
    Interest
    18 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€4,200
    Interest3.00%
    Maturity18 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 15 days on 29 December 2014.

      The project

      Lucia Abillar from Lucban Quezon has a Bachelor of Science in nursing. After graduation, she started in a hospital as a volunteer to gain experience. When her father passed away, she decided to take over the family business, a well-known bakery, which was left to her in his inheritance. Being the youngest of the family she started operating the bakery together with her spouse in 1984. The business is running for over 67 years now and it’s a true family business, with Lucia’s husband and older children working in the company as well.

      They currently employ 30 workers, most of them are high school and elementary graduates. They provide above minimum wage for the regular employees with a 13th month pay. For over 10 years they have been providing free breakfast in ‘Sinag Kalinga Foundation’, a home for the elderly as their way to commit the community.

      Lucia’s dream is to start exporting their products in 2015, after they’ve gathered all required documents. Together with local partner NPFC, Lendahand will provide Lucia with a loan to realize her ambitions and expand her business. The loan will be repaid in 18 months.

      Company nameNPFC
      CEOLucia Abillar
      Founded1984-01-01
      LocationLucban Quezon
      SectorManufacturing / Production
      Turnover€51,112.22
      Employees30

      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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