funding gap emerging markets
Philippines

Nita?s Kusinas sa Tayug

  • NPFC
  • Local partner investment
  • + 3 other investors
  • With EUR 1,600 Denmark wiil be able to expand and cater to more people from different regions.

    €1,600
    Amount
    3.00%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€1,600
    Interest3.00%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 day on 31 December 2014.
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      Based on all Lendahand historical investments
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      Project will be fully funded

      Summary

      Denmark Sanchez from Marikina City inherited the catering business of his mother named ‘Nita’s Kusinas sa Tayug’, which was established in 1997. Due to the perseverance of his mother, the business grew steadily. Denmark’s specialty is “Dinakdakan”, a native appetizer with lots of pig parts in it. Denmark loves cooking native food such as catfish with vegetables, and offers a reasonable price compared to competitors. They also provide food to pick up intended for call center agents in Mandaluyong City.

      At present, Denmark employs 8 workers, mostly out of school youth and his own relatives and offers them weekly salary and free lodging. He also gives food to the church as a donation, which the company offers since its inception 17 years ago.

      He would like to expand the business to cater more customers who come from different regions. Together with Lendahand’s partner NPFC is helping Denmark Sanchez in acquiring additional working capital business expansion. The loan will be repaid in 12 months.

      Company nameNita?s Kusinas sa Tayug
      CEODenmark Sanchez
      Founded1997-01-01
      LocationCainta, Rizal
      SectorServices
      Turnover€119,161.45
      Employees8

      Impact

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

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

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      We have already contributed for Nita?s Kusinas sa Tayug

      Moniek van den Berg
      + and another
      3
      investors