With a loan of EUR 6,000 Deogracias can increase his stock of motor parts and also hire 1 extra employee.
Pililla is a first class urban municipality in the province of Rizal, Philippines. It is known as the Green Field municipality of Rizal and a destination by road cyclists because of its asphalted road. Deogracias Tamondong a resident of Pililla, had thought of establishing a business related to road travellers. Kobe Marketing was established in 2006, engaged in selling of motorcycle parts and accessories. His knowledge came from the company he worked from and started with a borrowed capital from his in-laws. Considering the competition, Deogracias offers a lower price for his products and a free-of-charge installation, attracting customers from nearby town like Binangonan and Cardona. With its continuous growth, he was able to put up a branch in Morong, Rizal.
Currently, he employs a total of 15 workers, provided with a daily salary and receives Philhealth and Social Security System (SSS) benefits. Most of his workers are male, were eight of them are mechanics. Majority of his workers average tenure are as the same as when he started his business.
Lendahand and local partner NPFC, will provide a loan to Deogracias to purchase additional motorcycle parts and accessories. He can also generate employment for those unemployed individuals within the community of Pililla. The loan will be repaid in 6 months.
|Company name||Kobe Marketing|
|Sector||Wholesale / Retail|
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- With this investment 1 job is created
- With this investment 4 lives are improved