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funding gap emerging markets
Philippines

Elli Bottle Services

  • NPFC
  • Invest in a Financial Institution
  • + 10 other investors
  • With EUR 3,800 Ranilo is able to procure used glass bottles in bulk, recycle them, and sell them to his clients.

    €3,800
    Amount
    3.00%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€3,800
    Interest3.00%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 day on 15 March 2016.

      Summary

      Ranilo Balmeo comes from Bulacan, and is an undergraduate in Mechanical Engineering. He is married to Leticia, to whom he has four children. In 2011, “Elli Bottle Services” was established. Ranilo purchases used bottles from junkshops which are recycled and distributed to his clients. 

      He started with 10 employees, but as the business grew, that number rose to 24 workers. They are provided with free living quarters and daily meals, aside from weekly salary. 

      Ranilo is in need of working capital to buy bulk used bottles, to meet the rising demand. Together with local partner NPFC will Lendahand provide a loan that must be repaid in 12 months. 

      Company nameElli Bottle Services
      CEORanilo Balmeo
      Founded2011-01-01
      LocationBaliuag Bulacan
      SectorServices
      Turnover€90,930.37
      Employees24

      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 Elli Bottle Services

      Aad Smits
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      investors