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funding gap emerging markets
Philippines

Medina & Mechel Fish

  • NPFC
  • Invest in a Financial Institution
  • + 8 other investors
  • With a loan of EUR 4,400 Mechel can expand her fish vendor in the Bulacan provence and she creates 1 job.

    €4,400
    Amount
    3.00%
    Interest
    18 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€4,400
    Interest3.00%
    Maturity18 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 3 days on 24 January 2015.

      Summary

      Mechel Cruz of Bulacan grew up in a family with a fish dealer business. Since then, she decided to leave school and manage its operations in 2004. They named it Medina and Mechel Fish Vendor, which is a combination of Mechel and her mother’s name. She and her family supplies and retail their fish products around Bulacan province where they reside. Employing around twenty male and two female workers, she provides them with free meal, board and lodging and medicine in case of emergencies. Wage being given to workers depend on the assigned task and is given on a daily and weekly basis. Her parents being christians built their own church, where they prepare relief goods for those who were affected by typhoon. Together with Lendahand’s partner NPFC is helping Mechel Cruz in acquiring additional working capital for business expansion.
      Company nameMedina & Mechel Fish
      CEOMechel Cruz
      Founded2004-01-01
      LocationBaliuag Bulacan
      SectorWholesale / Retail
      Turnover€47,175.87
      Employees22

      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 Medina & Mechel Fish

      Henk Enserink
      + and another
      8
      investors