funding gap emerging markets
Philippines

Panasahan Electric Trike

  • NPFC
  • Local partner investment
  • + 20 other investors
  • With EUR 16,400 PBETODA, an E-trike association, is able to acquire 10 solar powered E-trikes.

    €16,400
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€16,400
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 2 days on 16 March 2016.
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      Summary

      “Panasahan Bagna Electric Trike Operators and Drivers Association (PBETODA) Inc.” was founded in 2015 by Antonio Mendoza, a retired pilot. His aim was to help tricycle operators to have electrical tricycles ('E-trike’). 

      PBETODA currently has 30 members of which 10 recently switched manufacturers to Mytron, an electrical / solar tricycle manufacturer from Bulacan. Aside from the regular taxi services, some also bring children to school which helps them to earn more money and make savings. E- Trikes are not just electrical powered but also have a solar panel on top to sustain battery life. PBETODA and Mytron aim to increase income and efficiency, carry more passengers and save the environment from too much pollution. 

      In order to produce the 10 E-trikes for the members that switched, PBETODA applied for a loan. Together with local partner NPFC will Lendahand provide a loan that has to be repaid in 24 months. 

      Company namePanasahan Electric Trike
      CEOAntonio Mendoza
      Founded2015-01-01
      LocationMalolos Bulacan
      SectorServices
      Turnover€44,969.95
      Employees30

      Impact

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

      • With this investment 1 job is created
      • With this investment 4 people are reached

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