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funding gap emerging markets
Philippines

Island Home Decors

  • NPFC
  • Invest in a Financial Institution
  • + 3 other investors
  • With EUR 1,800 for Elmar, he will be able to represent the Philippines in a Malaysian exhibition.

    €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 21 hours on 9 November 2015.

      Summary

      Cebu is one of the largest City in the Philippines. It is surrounded by water, where you can find different kinds of sea shells. Because of this, many of the small Cebuano entrepreneurs are engaged in to sea shell handicrafts, and this includes Elmer Matutino together with his wife Mercedita, who has a great fashion sense. Using their own resources, they put up a business connected with Merce’s concept. “Island RKOC Home Decors and Accessories” officially started its operation in 2005. Elber's wife is mainly occupied with marketing, while making sure that they comply with the Department of Environment and Natural Resources (DENR).

      Their hard work resulted in a international business as they now export products to Turkey, Malaysia, and other parts of Europe. Recently, they were invited by DTI to be one of the exhibitors in Malaysia were they will promote Philippine made products. Currently, they have two regular workers with two sub-contractors, all are female, provided with allowance, aside from weekly compensation.

      NPFC and Lendahand, will be providing a working capital loan to Elmer and Mercedita to purchase additional raw materials that they will need for the upcoming exhibit in Malaysia. The loan will be repaid in 12 months.

      Company nameIsland Home Decors
      CEOElmer Matutino
      Founded2005-01-01
      LocationCebu City
      SectorWholesale / Retail
      Turnover€9,261.04
      Employees2

      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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