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funding gap emerging markets
Philippines

Shancraft Corp.

  • NPFC
  • Invest in a Financial Institution
  • + 11 other investors
  • WIth a loan of EUR 9,600 Cristita will be able to execute a recent purchase order received from a client.

    €9,600
    Amount
    3.00%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€9,600
    Interest3.00%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 15 hours on 2 February 2016.

      Summary

      “Shancraft Corp.” is a corporation duly registered under Securities and Exchange of Commission. The word ‘SHAN’ came from the initial name of the four children of Cristita Mantilla, the President of the corporation. The business is based in Mandaue City, Cebu and was established in 2004. It is engaged in handicrafts, manufacturing sea shell crafts, using seeds, stones, glass beads, and other local indigenous materials. The corporation exports its finished products in Australia, Greece, United States of America, and Norway. 

      Currently, Shancraft Corp. has 14 male and 12 female workers, a total of 26. They are all provided with statutory benefit together with fair salary rate. The corporation is a member of PhilExport Cebu. Loan proceed will be used from the recent purchase order received from a client. 

      Therefore, Shancraft Corp. has to buy new and additional raw materials to meet client demands. This will provided by LendAHand and its local partner NPFC. The loan has to be repaid in 12 months.

      Company nameShancraft Corp.
      CEOCristita Mantilla
      Founded2004-01-01
      LocationMandaue Cebu City
      SectorManufacturing / Production
      Turnover€39,363.97
      Employees26

      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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      We have already contributed to Shancraft Corp.

      Marco van der Ploeg
      Aad Smits
      Aad Nootebos
      Jan de Wit
      + and another
      11
      investors