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funding gap emerging markets
Philippines

Mich Uraro Biscuits

  • NPFC
  • Invest in a Financial Institution
  • + 13 other investors
  • With a loan of EUR 3,200 Michelle can expand her target market and start exporting to neighboring countries.

    €3,200
    Amount
    3.00%
    Interest
    18 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€3,200
    Interest3.00%
    Maturity18 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 10 days on 30 November 2014.

      Summary

      Michelle Sulibit is a 38-year-old mother of 3 that started the entrepreneurial life few years after graduating high school. Michelle learned how to make uraro or arrowroot biscuits when she graduated from high school and started working at an uraro producer. After just two years of acquiring knowledge and skills through her experience at this producer, she first started to play with the thought of producing biscuits of the root. Arrowroot cookies are made from arrowroot flour, which gives them their distinct delicate and powdery texture.

      Over 15 years ago, Michelle ventured into the uraro biscuits industry by founding Mich Uraro Biscuits. Currently, Mich Uraro Biscuits currently employs 8 workers, with one of Michelle's daughters in charge of delivering the orders to several provinces nearby the factory. Although successful, she is not quite satisfied yet. She would like to sell her cookies on a larger scale and ultimately venture abroad as well.

      Together with local partner NPFC will Lendahand provide a loan to Mich Uraro Biscuits in order for Michelle to increase her target market and to expand internationally in the future. The loan will be repaid in 18 months. 

      Company nameMich Uraro Biscuits
      CEOMichelle Sulibit
      Founded1999-01-01
      LocationLiliw Laguna
      SectorManufacturing / Production
      Turnover€157,195.90
      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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      We have already contributed to Mich Uraro Biscuits

      Cees van Iperen
      + and another
      13
      investors