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funding gap emerging markets
Philippines

Nila?s Junkshop 2

  • NPFC
  • Invest in microfinance
  • + 5 other investors
  • With a loan of EUR 3,000 Nila can expand her junkshop and collect more bottles and metal to recycle.

    €3,000
    Amount
    3.00%
    Interest
    18 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€3,000
    Interest3.00%
    Maturity18 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 20 hours on 29 July 2015.

      The project

      SECOND LOAN

      “Nila’s Junkshop” started its operation eight years ago, but was officially registered under Department of Trade and Industry (DTI) in November 2012. It is managed by Nila and Rogelio Constante from Dasmariñas, Cavite. Junkshop was introduced and first managed by a family friend, but due to the inconsistency of handling the business, Nila decided to take over. 

      Nila employs 12 out of school youth workers that receives decent daily wages and three-meals a day. Some of her workers that goes to field are given with small capital and sidecar for scrap collection and pay them for additional collected scrap. Collected bottles are categorized as good condition and clean, which she uses for her other business (cooking oil supply) that was recently opened and some are supplied to companies that needs recycable bottles. Same as to boxes or cartons which she supply to Furry Company in GMA Cavite. 

      Lendahand and local partner NPFC will help Nila acquire working capital to purchase more bottles and boxes to meet the demands of her clients.

      Company nameNPFC
      CEONila Constante
      Founded2007-01-01
      LocationDasmariñas Cavite
      SectorWholesale / Retail
      Turnover€59,571.66
      Employees12

      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 Nila?s Junkshop 2

      Tim Slijp
      + and another
      5
      investors