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funding gap emerging markets
Philippines

Mars Industrial Supply

  • NPFC
  • Invest in microfinance
  • + 4 other investors
  • With a loan of EUR 1,800 Ana will be able to improve the production facility of her industrial company.

    €1,800
    Amount
    3.00%
    Interest
    6 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€1,800
    Interest3.00%
    Maturity6 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 9 hours on 31 December 2015.

      The project

      Ana Grace Escalicas a widow from Novaliches, Quezon City founded “Mars Industrial Supply” in 2010 with the help of two other friends. She solely owned the business for five years now. Engaged in manufacturing customized rubber belts, door seals, bearing pads, plugs and stoppers, and other small parts of a machine. She wanted to consistently provide a reliable quality products and services to all her customers. 

      Currently, Ana employs two girls and six boys receiving meal and lodging for free, aside from regular compensation. She is planning to give her employees a mandated benefit in the near future as a way help to them. She dreams to expand her production area in Balintawak area to extend her service to her customers.

      NPFC together with LendAHand will provide working capital loan to Ana Grace which she will use for the improvement of her production area as well as to purchase raw material.

      Company nameNPFC
      CEOAna Grace Escalicas
      Founded2010-01-01
      LocationNovaliches Quezon City
      SectorManufacturing / Production
      Turnover€62,630.81
      Employees8

      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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