Roel’s Furniture Shop
With EUR 18,800 Roberto will produce armchairs exclusively for the public school which will provide great impact.
€18,800
3.50%
6 months
6 months
EUR
CurrencyAmount | €18,800 |
Interest | 3.50% |
Maturity | 6 months |
Repayments | 6 months |
Currency | EUR |
Summary
Mr. Roberto Duerme owns “Roel’s Furniture Shop” which he established in 1995. The business is engaged in manufacturing of different furnitures like tables and chairs made from wood. The wood he uses is ‘a G. Melina Tree’ or also known as ‘Paper Tree’ which is abundant in the province of Isabela and is the tree which is approved by the Department of Environment and Natural Resources (DENR) to be processed as wood products. In 2005, he extended his business by engaging to bidding process where his attachment and transaction with Department of Education (DepEd) began and is now considered as primary client which he had 14 successful transactions.
Department of Education -- an executive department of the Philippine government and the main agency tasked to manage and govern the Philippine system of basic education
His loan proceed will be used for his new project with DepEd. He will be manufacturing armchairs exclusively for the public school which will provide great impact for the poor children in the rural area of Isabela. Armchairs that will be given to these children can help them concentrate and become inspired to finish their studies.
Roberto has 10 regular workers provided with regular salary and free meals. And, additional five during peak production.
Company name | Roel’s Furniture Shop |
CEO | Roberto Duerme |
Founded | 1995-01-01 |
Location | Isabela City |
Sector | Manufacturing / Production |
Turnover | €47,727.46 |
Employees | 10 |
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