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funding gap emerging markets
Philippines

Iris Hopewell Commercial 2

  • NPFC
  • Invest in a Financial Institution
  • + 27 other investors
  • Virgilio will be needing additional working capital loan of EUR 18,800 to purchase grains and corns from farmers.

    €18,800
    Amount
    3.50%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€18,800
    Interest3.50%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 11 hours on 29 December 2016.

      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

      Impact

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

      • With this investment 3 jobs are created
      • With this investment 12 lives are improved

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      We have already contributed to Iris Hopewell Commercial 2

      Willem Gunneman
      Jacques van den Bosch
      Gerard de Jong
      Steef Klarenbeek
      Marlies Witteveen
      + and another
      27
      investors