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funding gap emerging markets
Philippines

Roel’s Furniture Shop

  • NPFC
  • Invest in a Financial Institution
  • + 32 other investors
  • With EUR 18,800 Roberto will produce armchairs exclusively for the public school which will provide great impact.

    €18,800
    Amount
    3.50%
    Interest
    6 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€18,800
    Interest3.50%
    Maturity6 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 15 hours on 9 December 2016.

      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 nameRoel’s Furniture Shop
      CEORoberto Duerme
      Founded1995-01-01
      LocationIsabela City
      SectorManufacturing / Production
      Turnover€47,727.46
      Employees10

      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 Roel’s Furniture Shop

      Aad Smits
      Jan de Wit
      Ron van Eijk
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      32
      investors