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funding gap emerging markets
Philippines

Elicel Foods

  • NPFC
  • Invest in a Financial Institution
  • + 8 other investors
  • With EUR 3,800 Elizalde is able to cope with the rising demand for her coconut based jelly products.

    €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 12 hours on 5 April 2016.

      Summary

      Elizalde and Celia Quismundo manages the day to day operation of “Elicel Foods” since 1992, where ELICEL is a combined name of the couple. They make ‘Nata de Coco’, described as a chewy, translucent jelly like substance produced by the bacterial fermentation of coconut water. Their regular and direct client is Del Monte Philippines, also based in Cagayan De Oro, Misamis Oriental in Mindanao.

      Their team is composed of 21 individuals, 11 of which are provided with living quarters, aside from monthly compensation. 

      Due to high demand, they need working capital loan, that will be provided by Lendahand and NPFC. Payable in 12 months term.

      Company nameElicel Foods
      CEOElizalde Quismundo
      Founded1992-01-01
      LocationCagayan De Oro City
      SectorManufacturing / Production
      Turnover€33,328.19
      Employees21

      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 Elicel Foods

      Derkjan van Veen
      Aad Smits
      + and another
      8
      investors