First investment? Get €500 guaranteed with code GOODSTART.
Find out how
funding gap emerging markets
Philippines

Globalcrafts Int.

  • NPFC
  • Invest in microfinance
  • + 15 other investors
  • €7,800
    Amount
    3.00%
    Interest
    6 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€7,800
    Interest3.00%
    Maturity6 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 91 days on 18 April 2014.

      The project

      Normita Lastimosa is a sixty seven (67) year old single mother of one son. She had worked for Department of National Housing as a lawyer before starting Globalcrafts International Corporation. Globalcrafts International Corporation manufactures handicrafts use for home decorations. The Handicrafts are made of walis tingting (coconut leaf ribs), buri (kind of palm), abaca (Manila hemp) which are all abundant in the Philippines.

      Known as Norma to her friends, She was influenced to start the business sixteen (16) years ago. While she was in the United States of America (USA), she came up with an idea that handimade products are sought-after in the states and seeing potential in exporting in handicrafts. With contacts and connections in the state, after returning from the states, she had quitted her job, started the business and had her first export into the United States (US.)

      Currently her son works for her as the one in-charge with costing. Currently she employs five (5) men and (5) five women complete with full benefits of Social Security (SSS) and Medicare (PhilHealth.) and around five to ten (5 - 10) piece workers for certain projects in production.For sixteen (16) years, she had been employing undergraduates and senior citizens. All her productions are exported into the United States (US.) She plans to expand the business outside United States (US.)

      Our partner NPFC is helping Globalcrafts International Corporation in acquiring additional raw materials to boost the production and support incoming orders by granting a P500,000 Purchase Order loan payable in 3 months.

      Company nameNPFC
      CEONormita
      Founded1998-01-01
      LocationSan Pedro Laguna
      SectorManufacturing / Production
      Turnover€241,027.64
      Employees10

      Impact

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

      • With this investment 3 jobs are created
      • With this investment 12 lives are improved

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.

      Sorry! You must be logged in to view this page.

      We have already contributed to Globalcrafts Int.

      Marion van Wingerden
      Arjen Mulder
      + and another
      15
      investors