funding gap emerging markets
Philippines

Monarj Footwear

  • NPFC
  • Local partner investment
  • + 1 other investors
  • With a loan of EUR 2,400 Mary Joyce can boost the sales of her shoe company and hire one additional employee.

    €2,400
    Amount
    3.00%
    Interest
    18 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€2,400
    Interest3.00%
    Maturity18 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 3 days on 26 September 2014.
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      Based on all Lendahand historical investments
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      Summary

      Mary Joyce Montalbo is a thirty-three (33) year old mother a child and the sole proprietor of Monarj Footwear. Joyce had worked as a Customer Service Representative for a year after graduating from Hotel and Restaurant Management course. She got into the footwear business when she married Mark Ryan, who was already into the manufacturing of footwear. Monarj Footwear started in 2006 by manufacturing and supplying slippers to different stores and outlets around Liliw, Laguna and eventually ventured into making shoes. Experiencing low purchase orders after a year of production, Joyce never give up, went to market the footwear to malls until she had gathered purchase orders from the malls she went into. In 2012, Monarj Footwear obtained their own outlet for their own footwear production. Currently, Monarj Footwear is employing six (6) workers where half are females. Her husband still manages productions. Joyce hopes to gain more purchase orders and outlets for their expansion. Lendahand partner's NPFC is supporting Monarj footwear in acquiring additional working capital to boost the production and support for the incoming orders.

      Company nameMonarj Footwear
      CEOMary Joyce Montalbo
      Founded2006-01-01
      LocationLiliw Laguna
      SectorManufacturing / Production
      Turnover€27,010.64
      Employees6

      Impact

      There is currently no information available for this section. Check the Summary tab for more.

      • With this investment 1 job is created
      • With this investment 4 people are reached

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