funding gap emerging markets
Philippines

Lai?s Vegetables

  • NPFC
  • Local partner investment
  • + 9 other investors
  • With EUR 3,400 Lai can boost production so she can ultimately employ more local out of school youth.

    €3,400
    Amount
    3.00%
    Interest
    18 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€3,400
    Interest3.00%
    Maturity18 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 day on 31 December 2014.
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      Based on all Lendahand historical investments
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      Summary

      Mirasol Morales is a graduate in Culinary Arts. After graduation she started working as production head of Vavaveggie Inc. Soon however, she decided to put her entrepreneurial skills in good use and start her own business called ‘’Lai’s Vegetables Products’’.

      Mirasol, also known as “Lai” manages the operation of the business while her spouse helps her in purchasing and accounting matters. The business started as trader, but eventually evolved into manufacturing where they process and pack vegetables and deliver it to different restaurant chains locally. The key product they make is the sanitized ready-to-eat lettuce.

      Ms. Lai employs 17 workers of which most have at least a high school diploma. All receive weekly pay with social security and healthcare benefits. She also helps the community by maintaining a feeding program for the kids of Pasig City, which just started this year.

      Lai and her spouse wanted to employ more out of school youth to sustain the community and offer fair chances of employment. Lendahand is supporting Lai together with local partner NPFC in acquiring additional raw materials to boost the production. The loan’s maturity is 18 months.

      Company nameLai?s Vegetables
      CEOMirasol Morales
      Founded2004-01-01
      LocationPasig City
      SectorDistribution and Processing
      Turnover€116,163.79
      Employees17

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      We have already contributed for Lai?s Vegetables

      Hajé van Egmond
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      9
      investors