funding gap emerging markets
Philippines

Ferangeli Guitar 2

  • NPFC
  • Invest in microfinance
  • + 10 other investors
  • With a loan of EUR 2,800 Angelita can produce more wooden guitars because of increasing demand due to festivals.

    €2,800
    Amount
    3.00%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€2,800
    Interest3.00%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 day on 29 August 2015.

      The project

      SECOND LOAN

      Angelita Dagoc is a native of Cebu City. Cebu is located in the Visayas part of the Philippines, and is known as the business hub center in the south. She is married to Fernando Dagoc and they have three children. Both couples worked in a guitar company where they obtained their experience with their business. When they had their own resources to start a business, “Ferangeli Guitar Handcrafter” was established. The quality of the guitar they make was never hard for them because of their long exposure in the same industry. Because of this, they were able to tap the local and international market, such as Europe, Asia, and some countries in the United States of America. They are also shipping some of the guitars in Hawaii, were they have established a good partnership with their clients. Ferangeli Guitar Handcrafter has been operating since 1989. For 26 years, she was able to help different individuals by providing them job. 

      The average number of her workers are ten individuals, all are provided with a good compensation. Regular workers receive mandated benefits, such as, SSS and Philhealth. If there is a mass order due to the demand of her buyers, Angelita hires an additional of ten to twenty or more unemployed individuals. Angelita actively join different bazaars, events, or fairs to catch more buyers. Recently, Sandugo Festival in the province of Bohol was held, because of this, she received multiple orders that she now needs an additional working capital to buy raw materials to cater P.Os which will increase her sales. 

      Lendahand, and its local partner NPFC will provide the additional working capital to help Angelita cater all purchase orders to her. 

      Company nameNPFC
      CEOAngelita Dagoc
      Founded1989-01-01
      LocationLapu-Lapu Cebu City
      SectorManufacturing / Production
      Turnover€154,477.90
      Employees25

      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 Ferangeli Guitar 2

      Corné de Haas
      Jan de Wit
      Ron van Eijk
      + and another
      10
      investors