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funding gap emerging markets
Philippines

Clar and Mar Trading 2

  • NPFC
  • Invest in microfinance
  • + 10 other investors
  • Clarisa will be needing working capital loan of EUR 9,600 to purchase more stocks as a preparation ahead.

    €9,600
    Amount
    3.00%
    Interest
    6 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€9,600
    Interest3.00%
    Maturity6 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 12 hours on 29 June 2016.

      The project

      SECOND LOAN

      “Clar and Mar Trading” is a business engaged in selling of all types of dried fish and pasalubong in Tabo-an Market, Cebu, which are bought to local fishermen, as their way to support for their livelihood and promotion of local delicacies. It was founded by Clarisa’s parents which she inherited after they passed away in 1990. Items are sold to walk-in buyers and some are delivered to customers in Bohol, for the residents of the area to be able to access the same products.

      Clarisa was able to maintain her 10 workers from her first loan to NPFC. She continuously provides them with weekly salary, statutory benefits, together with snacks and living quarter. At the same time, she was able to serve her buyers in the recent Eucharistic congress event that happened on the first quarter of 2016.

      Since rainy season is approaching in the Philippines, drying of fish will be a challenge for her suppliers. Thus, she will be needing additional working capital loan to purchase more stocks as a preparation ahead. To be assisted by LendAHand and local partner NPFC. 

      Company nameNPFC
      CEOClarisa Abanid
      Founded1990-01-01
      LocationCebu city
      SectorWholesale / Retail
      Turnover€344,880.15
      Employees10

      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 Clar and Mar Trading 2

      Huub Huijsmans
      Steef Klarenbeek
      + and another
      10
      investors