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funding gap emerging markets
Philippines

Hannah's Handicrafts

  • NPFC
  • Invest in a Financial Institution
  • + 8 other investors
  • €3,200
    Amount
    3.00%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€3,200
    Interest3.00%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 90 days on 10 November 2013.

      Summary

      8 Years ago, Cristina Anggana was just an employee for a handicraft manufacturer in the booming town of Minglanilla, Cebu. Her sister, then a fashion accessories designer, encouraged her to take a big leap of faith and venture into her own handicraft business. She decided to develop her own line of bags, homedecors and accessories made from local natural fibers. Her husband managed manufacturing while Cristina focused on marketing and finance.

      After a few bumps on the road, Cristina’s products, now being sold under the name “Hannah’s Handicrafts” began to export to the United Kingdom and Malaysia thru the help of her sister who was also an exporter. The 51 year old Cristina also made her products locally available in the tourist island of Boracay and Bohol. Lendahand's partner, Negosyong Pinoy Finance Corporation, helped her initially when she was introduced by the GTH Foundation, one of the biggest SME networks in Cebu. Her business is able to generate monthly sales up to Php 183,000 and has an equity of Php 3.0M.

      Company nameHannah's Handicrafts
      CEOCristina Anggana
      Founded2005-01-01
      LocationCebu City
      SectorManufacturing / Production
      Turnover€37,849.01
      Employees20

      Impact

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

      • With this investment 6 jobs are created
      • With this investment 24 lives are improved

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