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funding gap emerging markets
Philippines

Kris-Ann Creations Corp.

  • NPFC
  • Invest in a Financial Institution
  • + 8 other investors
  • With a loan EUR 7,600 Jose is able to buy new materials for his business in producing uniforms.

    €7,600
    Amount
    3.00%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€7,600
    Interest3.00%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 15 hours on 3 September 2016.

      Summary

      “Kris-Ann Creations Corp.” is a family owned business represented by Mr. Jose Lacsamana Jr., company Treasurer. Its first two names; ‘Kris and Ann’ came from the combination of Mr. Jose’s two children. Founded by Ms. Luz, spouse of Jose in 1994 as a sole proprietor, and became a corporation in 2014 in San Mateo, Rizal as part of the requirement of one of their valued client.

      They are manufacturing uniforms for company workers, laborers, and alike, engaged in food, drug / medicine, and electronic industry. These company have been their partner since the beginning. They have a total of six regular workers receiving piece rate – weekly salary packaged with Social Security System (SSS), PhilHealth, and HDMF contributions as mandatory benefits. Children of regular workers is being assisted by Kris-Ann Creations Corp. by sending them to school to finish studies and refer to known clients for them to have better future. In addition, they have around ten sub-contractors which they lend sewing machines and raw materials for additional income. During Christmas season, the family give gifts to their workers and families.

      The company needs additional working capital loan to purchase new type of cloth from the newly received P.O from a client. To be repaid in 12 month term. 

      Company nameKris-Ann Creations Corp.
      CEOJose Lacsamana
      Founded1994-01-01
      LocationSan Mateo, Rizal
      SectorManufacturing / Production
      Turnover€121,919.79
      Employees6

      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 Kris-Ann Creations Corp.

      Aad Smits
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      8
      investors