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funding gap emerging markets
Philippines

Carmelitas Cashew Nut

  • NPFC
  • Invest in microfinance
  • + 1 other investors
  • With a loan of EUR 3,400 Zenaida can expand her cashewnut company and she creates 1 extra job.

    €3,400
    Amount
    3.00%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€3,400
    Interest3.00%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 day on 30 December 2014.

      The project

      Zenaida Zapanta Lico is a resident from Antipolo City, Rizal. She owns ‘Carmelitas Cashew Nut’ which started its operation in 1965 by her mother. At first, products are peddled by her parents and as it grows , she met a friend who helped her to put up a bigger cashew nut business. In 1999, Zenaida also known as Zeny took over the business and their cashew nuts were being supplied at different local supermarkets. Zeny employs four males and 2 females that are highschool graduates. Where she provides minimum rate salary and complete SSS, Pagibig and Philhealth benefits with bonus, 13th month pay and free meal. She conducts feeding program if needed in nearby areas and gives cash assistance for emergencies. Zenaida wanted to have a bigger business. Currently she is looking for a possible pili nut supplier to add to her products. Together with Lendahand’s partner NPFC is helping Zenaida Zapanta Lico in acquiring additional working capital for business expansion.
      Company nameNPFC
      CEOZenaida Lico
      Founded1965-01-01
      LocationAntipolo City
      SectorManufacturing / Production
      Turnover€19,612.92
      Employees6

      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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