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funding gap emerging markets
Philippines

Sylor Scrap Trading 2

  • NPFC
  • Invest in microfinance
  • + 26 other investors
  • Purpose for the loan of EUR 9,600 is to buy more stocks, acquire an equipment, and repair the truck.

    €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 2 days on 25 April 2016.

      The project

      SECOND LOAN

      Rosemarie Lorenzo established “Sylor Scrap Trading” in July 2004 in Bulacan. She buys used cartons from big grocery stores in Bulacan and Caloocan City then recycle it and sell to smaller companies who makes soy sauce and alike. Corrugated boxes are classified per size and quality by her 38 existing workers, whom she provides living quarters with their family, competitive salary, and other benefits. Rose prioritizes to employ elementary graduates. The production is managed by her sister-in-law while she takes care on the rest of operation and administrative matters.

      Another 12 individuals are provided with job thru her second business, SPA.

      Her purpose for the loan  is to buy more stocks, acquire an equipment, and repair his truck for better service. Rosemarie will be assisted by both LendAHand and NPFC. 

      Company nameNPFC
      CEORosemarie Lorenzo
      Founded2004-01-01
      LocationCaloocan City
      SectorManufacturing / Production
      Turnover€300,607.83
      Employees38

      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 Sylor Scrap Trading 2

      Aad Smits
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      26
      investors