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funding gap emerging markets
Philippines

Glenn Alvarez Trading

  • NPFC
  • Invest in microfinance
  • + 7 other investors
  • With EUR 3,800 we enable Glenn to increase its stock in order for his business to be ready for the coming peak season.

    €3,800
    Amount
    3.00%
    Interest
    18 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€3,800
    Interest3.00%
    Maturity18 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 10 days on 16 October 2015.

      The project

      Glenn Alvarez resides in Nagcarlan, Laguna. He is a graduate of Electrical Engineering, and is married to Anabel, with whom he has seven children. In year 2010, he established a business engaged in selling of Japan made products, like cabinet, vase, and kitchenwares, and he named it next to him as, “Glenn Alvarez Trading & General Merchandise”. He manages the daily operation, while his spouse Anabel assists him with the finance and other business matters. The business has been operating in different provinces like in Nagcarlan and Liliw Laguna, Lucban Quezon, and nearby provinces. 

      It has been operating for five years now, where employment opportunity to out-of-school-youth was opened by the couple. At present, he employs ten out-of-school-youth who are all regular workers, two are female and eight are male receiving meal allowance, a bonus, and Social Security System (SSS) benefit, aside from the semi-monthly salary. During peak season, an additional of 15 workers were being hired. 

      Loan proceeds will be used to purchase additional stocks of Japanese products which will be provided by Lendahand and local partner NPFC. To be repaid in 18 months.

      Company nameNPFC
      CEOGlenn Alvarez
      Founded2010-01-01
      LocationNagcarlan Laguna
      SectorWholesale / Retail
      Turnover€67,080.89
      Employees10

      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 Glenn Alvarez Trading

      Ron van Eijk
      A. Pronk
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      investors