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funding gap emerging markets
Philippines

Bagged Enterprise

  • NPFC
  • Invest in microfinance
  • + 3 other investors
  • Purpose of loan of EUR 1,800 to mr Serno is to be used in buying raw materials to meet customer demand.

    €1,800
    Amount
    3.00%
    Interest
    18 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€1,800
    Interest3.00%
    Maturity18 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 10 hours on 6 June 2016.

      The project

      “Bagged Enterprise” was founded by Serno Recato in 2006, but was registered as official business in 2012. He is assisted by his wife Estela in managing their employees, and her daughter Jenelyn in marketing and design. They specialize in making bags of different designs and quality, and offers free consultation for clients. They are sub-contractors of different brands known in public, but for 2016, they are starting to have their own brand.

      Seven are regularly employed. Mr. Serno provides job to people in the rural area in Baras, Rizal. Even non-experienced are being hired, and provides them with hands-on training. They categorize them by their skills, where salary rate depends. 13 others are employed as part time workers.

      Their family actively joins capacity building held by NPFC.

      Purpose of loan to be used in buying raw materials to meet customer demand. To be provided by LendAhand and local partner NPFC. To be repaid in 18 months. 

      Company nameNPFC
      CEOSerno Recato
      Founded2006-01-01
      LocationBaras, Rizal
      SectorManufacturing / Production
      Turnover€23,151.30
      Employees7

      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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