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funding gap emerging markets
Philippines

Nila?s Junkshop

  • NPFC
  • Invest in microfinance
  • + 4 other investors
  • With EUR 1,600 Nila is able to acquire an additional truck to speed up logistics and ensure future growth.

    €1,600
    Amount
    3.00%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€1,600
    Interest3.00%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 5 days on 13 December 2014.

      The project

      Mrs Nila Constante owns “Nila’s Junkshop” together with her spouse. From tailoring clothes, they shifted into furniture and the junkshop business. A friend first initiated the junkshop, but due to inconsistency of managing the business, Mr and Mrs Constante decided to take over the business in San Mateo Rizal. They employ 12 workers, most of which are out of school youth and receive decent daily wages. The owners also provide 3 meals a day for all employees.

      They contribute to the community by lending both capital and a sidecar for those who go out in the field to collect scrap and in addition pay them for the collected scrap. The business is growing and this results in increasing their inventory. For example, the couple recently expanded their inventory with cooking oil and thinner bottle supplies. To speed up the logistics of the company, Mr and Mrs Constante desire to acquire an additional truck, which should allow faster growth.

      Together with local Partner NPFC Lendahand will support Nila in purchasing the truck by providing a loan, which will be repaid in 12 months.

      Company nameNPFC
      CEONila Constante
      Founded2011-01-01
      LocationDasmariñas Cavite
      SectorWholesale / Retail
      Turnover€52,874.75
      Employees12

      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 Nila?s Junkshop

      Derkjan van Veen
      Jan de Wit
      + and another
      4
      investors