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funding gap emerging markets
Philippines

Joel & Luz Handicraft

  • NPFC
  • Invest in a Financial Institution
  • + 4 other investors
  • With a loan of EUR 1,600 Luzviminda can boost her working capital for the increased orders in the holiday season.

    €1,600
    Amount
    3.00%
    Interest
    6 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€1,600
    Interest3.00%
    Maturity6 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 day on 9 December 2014.

      Summary

      Making paper mache was Ms. Agana’s family business, which she assumed and continued. Using old newspapers and magazines, they make paper mache Christmas figurines and other decorations. The business started with only Ms. Agana and her husband making the items, but as a result of good sales, they hired employees, most of which are their neighbors. They sell their products to various areas in the Philippines such as Divisoria, Quiapo, Batangas and Cavite. Ms. Agana, was referred to NPFC by an existing client. She borrowed from NPFC to augment her working capital for the increased orders brought about by the upcoming holiday season.
      Company nameJoel & Luz Handicraft
      CEOLuzviminda Agana
      Founded1995-01-01
      LocationKalayaan Laguna
      SectorManufacturing / Production
      Turnover€42,060.98
      Employees30

      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 Joel & Luz Handicraft

      Johan Feddema
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      4
      investors