Due to the fast growth in demand for Multi Circle Trading's product offering, mainly wooden and steal cabinets used in offices, the company applied for a second loan at our local partner NPFC. As the company has proved to be a trustworthy client has history of repaying on time and in full, the second loan is to be granted.
Jose Romulo Dedel Briones is the 37 year old owner of Multi Circle Trading Company. Before starting his own business, he was a sales and operations manager at several companies. MCTC manufactures cabinets for offices active in the entire Philippines. In stead of being called boss or chief by his employees, he likes to be called JR. Currently, 17 employees work for Jose and the prospects of 2 more joining the force are very likely after receiving this loan.
Lendahand and its local partner NPFC will grant this loan to Jose, payable in 6 months, for him to be able to comply to the increasing demand for his products.