funding gap emerging markets
Philippines

Elda Shells Trading 2

  • NPFC
  • Local partner investment
  • + 23 other investors
  • With a loan of EUR 9,600 Elena can further professionalize her production facilities. Second loan!

    €9,600
    Amount
    3.00%
    Interest
    18 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€9,600
    Interest3.00%
    Maturity18 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 4 days on 31 October 2015.
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      Summary

      SECOND LOAN

      In 1992, Elena Daño of Lapu-Lapu City, Cebu established “Elda Shells Trading”, with the Department of Trade and Industry (DTI). It is a business engaged in shellcraft manufacturing which started its operation using her personal savings and family members as worker. She began as a sub-contractor for the shellcraft items of different Cebu Exporters. One later year, Elena has been able to serve the local markets of Manila, Davao, and the island of Boracay in Aklan. Her continuous breakthrough has tapped even the international market, like in Poland, Australia, Hongkong, and Ireland. 

      The continuous growth of the business allowed Elena to hire eight workers, given with a reasonable salary. In terms of hiring, she prioritizes to hire housewives who would like to earn money for their family. She also open jobs for out-of-school youth and families nearby the manufacturing area for the additional income. Her first loan to NPFC was used to boost the shellcrafts production and the export. With this loan, she will be needing additional working capital to be used for the construction of the production area to further develop it for the workers’ convenience. 

      Lendahand and local partner NPFC, will be providing this loan to Elena.

      Company nameElda Shells Trading 2
      CEOElena Dano
      Founded1992-01-01
      LocationCebu City
      SectorWholesale / Retail
      Turnover€67,604
      Employees8

      Impact

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

      • With this investment 1 job is created
      • With this investment 4 people are reached

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      We have already contributed for Elda Shells Trading 2

      Joop Singeling
      Ton Van der Meer
      Ron van Eijk
      Jan de Wit
      + and another
      23
      investors