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funding gap emerging markets
Philippines

Graceland Arts & Crafts

  • NPFC
  • Invest in a Financial Institution
  • + 11 other investors
  • With EUR 5,000 Clarabelle can finance her procurement needs to deliver bulkorders to international clients.

    €5,000
    Amount
    3.00%
    Interest
    6 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€5,000
    Interest3.00%
    Maturity6 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 7 days on 21 December 2014.

      Summary

      Ms. Clarabelle Soriano, or Ms. Joy as she is called often, is the owner of Graceland Arts and Crafts Corporation. She can be seen as a true survivor in the handicrafts business since 1976. With more than 30 years of experience, she proved that everyone could succeed if they don’t give up and continue to innovate. Her business used to be a sole proprietorship but has later been registered as a partnership with a new manager as co-owner.

      Her company specializes in home decors like picture frames, wall decors, mirrors, plates, trays and Christmas inspired decors, wherein she utilizes native materials such as abaca (typical Philippian textile from banana leafs) and seashells. The finished products are being distributed to local and foreign clients. At present, Ms. Joy has 27 employees. She also has 3 subcontractors that work hand-on-hand with her, especially during peak order season.

      She came to know about Lendahand’s local partner NPFC through an existing client and she has been granted additional funds to purchase raw materials for her bulk orders. The loan will be repaid in 6 months.

      Company nameGraceland Arts & Crafts
      CEOClarabelle Soriano
      Founded1976-01-01
      LocationCainta, Rizal
      SectorManufacturing / Production
      Turnover€124,076.53
      Employees27

      Impact

      There is currently no information available for this section. Check the Summary tab for more details.

      • With this investment 2 jobs are created
      • With this investment 8 lives are improved

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      We have already contributed to Graceland Arts & Crafts

      Jan de Wit
      Derkjan van Veen
      Moniek van den Berg
      + and another
      11
      investors