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funding gap emerging markets
Philippines

5 Triple A 2

  • NPFC
  • Invest in microfinance
  • + 4 other investors
  • With a loan of EUR 1,800 Marvi can further expand her business with pizza carts with several franchises.

    €1,800
    Amount
    3.00%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€1,800
    Interest3.00%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 day on 28 September 2015.

      The project

      SECOND LOAN

      Marvi Solanoy was born in the province of Romblon and has transferred residency in Quezon City. She grew in a family business owning several pizza carts, saloon, merchandise, and hardware store. She focuses on handling pizza carts. It was first introduced by her cousin. She makes a special and quality dough but with an affordable price. In 2010, she started one pizza cart which has grown to several franchises. With her first loan to NPFC, her pizza carts had grown into 35 pizza carts, from the 15 carts in 2014. Because of having different businesses, Marvi’s brother assists her in the operational side of the company. Most of her workers are out of school youths, a total of 18, which were given with a minimum wage, and other benefits, like, mandated benefits, healthcare, and a 13th month pay. Last year, Marvi initiated the Crib Foundation wherein she supports the children by providing food for them.

      Lendahand will support Marvi together with local partner NPFC, by providing an additional loan to purchase raw materials needed for expansion. It will also generate additional of 2 more out of school youth. The loan will be repaid in 12 months.

      Company nameNPFC
      CEOMarvi Solanoy
      Founded2010-01-01
      LocationQuezon City
      SectorManufacturing / Production
      Turnover€243,192.70
      Employees18

      Impact

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

      • With this investment 2 jobs are created
      • With this investment 8 lives are improved

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      We have already contributed to 5 Triple A 2

      Ron van Eijk
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      investors