Receive a €500 GUARANTEE on your first investment
Code GOODSTART is valid until 31 December
Receive a €500 GUARANTEE on your first investment
Code GOODSTART is valid until 31 December
Start here
PhilippinesFT Socito Trading
With EUR 4,000 Frank will be able to fulfill the increasing number of orders and hire 5 new workers.
€4,000
3.00%
12 months
6 months
EUR
Currency| Amount | €4,000 |
| Interest | 3.00% |
| Maturity | 12 months |
| Repayments | 6 months |
| Currency | EUR |
Summary
Frankie Socito is a married man with 3 kids from Caloocan City. In 2002, he starts his own tofu and lumpia wrapper factory naming it FT Socito Trading together with his wife and delivers it to Valenzuela City and Balintawak market for over 13 years. Frankie also serves as a subcon of a friend who exports his products in California and Canada.
He currently has 22 male and three female workers that receives per piece rate salary and a bonus depends on the demand of production.
Together with Lendahands partner NPFC is helping Frank Socito in acquiring additional working capital to cater more orders from clients and to generate additional 5 new employees.
| Company name | FT Socito Trading |
| CEO | Frank Socito |
| Founded | 2002-01-01 |
| Location | Caloocan City |
| Sector | Manufacturing / Production |
| Turnover | €105,581.07 |
| Employees | 25 |
Impact
There is currently no information available for this section. Check the Summary tab for more.
- With this investment 5 jobs are created
- With this investment 20 lives are improved