funding gap emerging markets
Philippines

D?Amour Native Bags

  • NPFC
  • Local partner investment
  • + 8 other investors
  • With a loan of EUR 2,800 Noel is able to expand his product offering to accommodate the rising demand

    €2,800
    Amount
    3.00%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€2,800
    Interest3.00%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 4 days on 9 November 2015.
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      Summary

      “D’Amour Native Bags & Souvenir Shop” was established in 2005. It is engaged in buy and sell of accessories which are all Filipino handmade. It is located in the beautiful island of Boracay, which is known to be one of the top destinations for those who wanted to go on a vacation. Most of the tourist here comes from different countries which are much interested with unique items, that they offer. It is solely owned by Noel Amor. His wife assists him in the daily operation and business transactions.

      At present, the company employs a total of four workers, all female. He gives them commission depending on the daily sales, as well as bonuses and mandated benefits including 13th month pay, Philippine health and Social Security System (SSS) remitted to respective government agencies, aside from the usual compensation they receive. Because of the high-demand in the market, Noel will be purchasing additional products for display and sale in his store, which are bags made-out of sea shells and different kinds of hats.

      He will be needing additional working capital loan to purchase extra materials. Lendahand and local partner NPFC, will be providing this loan to Noel. To be repaid in 12 months.

      Company nameD?Amour Native Bags
      CEONoel Amor
      Founded2005-01-01
      LocationBoracay Aklan
      SectorWholesale / Retail
      Turnover€31,083.92
      Employees4

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      8
      investors