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funding gap emerging markets
Philippines

Mark and Raquel Yema 4

  • NPFC
  • Invest in microfinance
  • + 20 other investors
  • With a loan of EUR 7,600 Mark will be able to increase the production of Yema and buy more ingredients.

    €7,600
    Amount
    3.50%
    Interest
    18 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€7,600
    Interest3.50%
    Maturity18 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 2 days on 25 September 2016.

      The project

      Note: Has acquired a total of six (6) loans including this.

      This loan is the fourth story of Raquel Sagala to LAH.

      “Mark and Raquel’s Yema” was founded in 1999 by spouses Raquel and Mauro or ‘Mark’ from the province of Bulacan. Raquel’s specialty is Yema which is defined as a type of custard candy made from egg yolks and condensed milk manually molded until the shape becomes pyramid-like wrapped in a cut cellophane. Raquel started by peddling yema to neighbors then to sari-sari store owners and later on becomes a regular distributor to customers from public markets, resorts, and has reached 200 stalls in Bulacan, Caloocan City, and Valenzuela City.

      ‘Mark and Raquel’s Yema’ recently expanded by adding a general merchandise store selling clothes, accessories, gift items, school supplies, and their specialty yema thru the help of NPFC. Also, she was able to hire two additional workers that makes the present a total of 10. Workers are receiving daily whole day meal and their families as well aside from piece rate based salary and Philhealth benefit.

      LendAHand and local partner NPFC, will help Raquel Sagala acquire a working capital loan to boost production and meet orders of customers. She will also need to purchase other ingredients like langka, ube, and cashew nuts as an additional flavor of yema to make it extra special

      Company nameNPFC
      CEORaquel Sagala
      Founded1999-01-01
      LocationBocaue Bulacan
      SectorManufacturing / Production
      Turnover€36,482.01
      Employees10

      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 Mark and Raquel Yema 4

      Gerard de Jong
      Joop Singeling
      Frank Fekken
      Ron van Eijk
      + and another
      20
      investors