Philippines

Iris Hopewell Commercial 2

Virgilio will be needing additional working capital loan of EUR 18,800 to purchase grains and corns from farmers.

  • Local partner investment
  • 3 nieuwe banen
  • 12 mensen bereikt
Issuer

€18,800

Amount

12 months

Maturity

3.50%

Annual interest
100%
Fully funded in 11 hours on 29 December 2016.
+ 28 other investors

Summary

Founded in 1996, “Iris Hopewell Grains Center” is an enterprise engaged in buy and sell of rice grains and corns. Products are directly bought from the harvests of local farmers of Kalinga and Isabela province.

Mr. Virgilio Ko, owner from Kalinga. From his second loan, he was able to purchase a rice milling machine.  The machine serves the millling for the farmers that contributes a lot in the production of both rice and corn that resulted to the rapid increase of sales. The company is also supplying rice grains to rice mill companies based in Isabela province for further processing.

This month is considered as peak season where Virgilio will be needing additional working capital loan to purchase grains and corns from farmers.

As of today, 10 are regularly employed by Virgilio Ko and 16 part timers who are also farmers.  Working part time provides additional income for the family.  Salary is on a daily basis with free meal for everyone.  

Company nameIris Hopewell Commercial 2
CEOVirgilio Ko
Founded1996-01-01
LocationTabuk City, Kalinga Apayao
SectorWholesale / Retail
Turnover€557,108.08
Employees10

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We have already contributed for Iris Hopewell Commercial 2

Willem Gunneman
Ron van Eijk
Jacques van den Bosch
Gerard de Jong
Marlies Witteveen
+ and another
28
investors