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funding gap emerging markets
Philippines

Maexel Chi-Cha Food 2

  • NPFC
  • Invest in a Financial Institution
  • + 21 other investors
  • Loan proceeds of EUR 9,400 will be used to purchase raw materials in Chicharon making and materials.

    €9,400
    Amount
    3.50%
    Interest
    18 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€9,400
    Interest3.50%
    Maturity18 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 13 hours on 23 December 2016.

      Summary

      Note:  Second loan to NPFC and LAH.

      “Maexel Chi-Cha Bites and Food Products” process Cassava Chips, Peanuts, Biscuits, and is specializing in Chicharon making.  The company also promotes locally made product like, ‘Sukang Pakurat’ of Cebu and food with a twist like Bagoong (Anchovies) with Chicharon bits.  The business has five outlets strategically located in the provinces of Davao and Cebu, malls like SM in Fairview, Ali Mall, and Robinsons Galleria in Metro Manila and is actively participating in different trade fair exhibits held by Department of Trade and Industry (DTI) and other event / exhibit organizers.

      From the first loan with NPFC, Marie was able to hire additional workers.  From 26, she is now employing a total of 45 regular workers (a combination of out of school youths and senior citizens) and 20 non-regular or on-call workers.  They are provided with a weekly salary, free meal, and lodging.

      “Maexel Chi-Cha Bites and Food Products” is owned by Marie Ann Mondelo.  Operating since 2006 from Cavite province.

      Loan proceeds will be used to purchase raw materials in Chicharon making and materials for packaging purposes.  Ms. Mondelo will be assisted by NPFC and LAH.  

       

       

       

      Company nameMaexel Chi-Cha Food 2
      CEOMary Ann Mondelo
      Founded2006-01-01
      LocationGen. Trias Cavite
      SectorManufacturing / Production
      Turnover€401,381.07
      Employees45

      Impact

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

      • With this investment 5 jobs are created
      • With this investment 20 lives are improved

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      We have already contributed to Maexel Chi-Cha Food 2

      Derkjan van Veen
      Arjan van der Laan
      Casper Roos
      Marlies Witteveen
      Niek de Bruijn
      + and another
      21
      investors