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funding gap emerging markets
Philippines

Jojos Cashew Nuts 2

  • NPFC
  • Invest in a Financial Institution
  • + 23 other investors
  • With a loan of EUR 9,600 Elpidio Mallanao has to purchase 1,500 kilos from the farmers for upcoming festivities.

    €9,600
    Amount
    3.50%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€9,600
    Interest3.50%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 18 hours on 29 December 2016.

      Summary

      From ‘Jojo’s Cashew Nuts and General Merchandise’ to “Pidiong’s House of Cashew Nuts”, Mr. Elpidio ‘Jojo’ Mallanao has changed its business name in 2016 to have it more attractive to regular and new customers.  In 2001, ‘Pidiong’s House of Cashew Nuts’  started its operation in Antipolo City, Rizal.  Raw cashew nuts are purchased from local and international farmers, where it is processed (thru cutting, drying, packing) and then being supplied to co-sellers in‘Pasalubong Center’. 

      In the rural area of Antipolo, over 100 individuals are provided with a job by working part time.  Some of them work from home and delivers the finish product after.  Those who works in his production area receive snacks aside from their salary.   Workers are a mixed of housewives, out of school youth, even senior citizens that needs money for a living. 

      This month as a season of cashew nuts, Mr. Elpidio Mallanao has to purchase 1,500 kilos from the farmers as part of his preparation for the upcoming festivities in the nearby areas.  Both NPFC and LAH will be assisting him.

      Elpidio Mallanao is a graduate of the SME Academy Batch 1 by LendAHand Foundation and local partner Negosyong Pinoy Finance Corporation. 

      Company nameJojos Cashew Nuts 2
      CEOElpidio Mallanao
      Founded2001-01-01
      LocationAntipolo, City
      SectorWholesale / Retail
      Turnover€160,238.25
      Employees4

      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 Jojos Cashew Nuts 2

      Ron van Eijk
      Frans Wittenberg
      Elke Krekels
      + and another
      23
      investors