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funding gap emerging markets
Philippines

Linabu Agrarian Coop

  • NPFC
  • Invest in a Financial Institution
  • + 26 other investors
  • With a loan of EUR 30,000 LAMPCO can buy raw materials for local farmers for the production of coco sugar.

    €30,000
    Amount
    4.00%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€30,000
    Interest4.00%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 16 hours on 25 February 2016.

      Summary

      “Linabu Agrarian Multi-Purpose Cooperative (LAMPCO)” is represented by Ma. Virgenia Pejoro, General Manager, from Cagayan De Oro, that is duly registered under Cooperative Development Authority (CDA). It was registered as cooperative in June 24, 1997 with 340 members at present. In 2009, it expanded its service by engaging the business in coco sugar making, with the help of local government agencies like Department of Trade and Industry (DTI) and Department of Agrarian Reform (DAR). In assurance of the product cleanliness and its good health effect, they were certified by the Food and Drug Administration as manufacturer of coco sugar and syrups. 

      The coop has employed 74 male part time workers and 28 female that are regular employed which makes the coco sugar, while receiving fair salary rate. Finished product are sold in local markets of Cagayan De Oro and Metro Manila, and at the same time, supplies it to exporting companies. LAMPCO shows positive growth because aside from being a cooperative and a food manufacturer, they started a small store for coop members. 

      Loan proceed will be used to buy raw materials to local farmers for the continuous production of coco sugar and meet clients demand. It will be provided by LendAHand and local partner NPFC. To be repaid for 12 months

      Company nameLinabu Agrarian Coop
      CEOVirgenia Pejoro
      Founded1997-01-01
      LocationCagayan De Oro
      SectorManufacturing / Production
      Turnover€200,791.62
      Employees28

      Impact

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

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

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      We have already contributed to Linabu Agrarian Coop

      Bianca Wiedenhoff-Mosterd
      Els Mol
      Aad Smits
      Leendert Smit
      Rinus Knuit
      + and another
      26
      investors