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funding gap emerging markets
Philippines

K Four M Enterprises

  • NPFC
  • Invest in a Financial Institution
  • + 5 other investors
  • With EUR 1,600 Nenita will be able to set course towards opening a second shop that sells sewing machines.

    €1,600
    Amount
    3.00%
    Interest
    6 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€1,600
    Interest3.00%
    Maturity6 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 day on 24 December 2014.

      Summary

      Nenita Macatangay is a high school graduate originally from the Batangas province. She dreamed of having her own business for a long time. Because of honest hard work, eagerness and ambition, she was able to start her own retail shop selling sewing machines. In 2000 K Four M Enterprises was established and has been up and running for 14 years now.

      Due to the growth of the shop, she moved to another region and is currently situated in Taytay Rizal. They buy mostly secondhand sewing machines from for closed garments factories, repair them and sell them locally. She also buys brand new sewing machines, sells it to other factories and receives a commission for it. Next to that, Nenita supplies industrial sewing machines into different provinces here in the Philippines.

      There are currently 7 employees working for the company and are paid on a daily basis, higher than the minimum rate wage in Rizal. She also offers free meals everyday and a bonus every Christmas season.

      Mrs. Nenita would like to expand her business and open a second store in another region in the Philippines. Together with local partner NPFC, will Lendahand support Nenita to realize her ambition to open a second store next year. The loan will be repaid in 6 months.

      Company nameK Four M Enterprises
      CEONenita Macatangay
      Founded2000-01-01
      LocationCainta, Rizal
      SectorServices
      Turnover€57,136.85
      Employees7

      Impact

      There is currently no information available for this section. Check the Summary tab for more details.

      • With this investment 1 job is created
      • With this investment 4 lives are improved

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      We have already contributed to K Four M Enterprises

      Jan de Wit
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      investors