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funding gap emerging markets
Philippines

Jay Air Aircon Services 2

  • NPFC
  • Invest in microfinance
  • + 12 other investors
  • Angelito needs a loan of EUR 8,400 to purchase stocks of air condition parts to effectively provide service to clients.

    €8,400
    Amount
    3.50%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€8,400
    Interest3.50%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 1 day on 30 December 2016.

      The project

      “Jay-Air Auto & Aircon Services” is a service and repair center for home and car air-conditions and sells auto spare parts which are both sold in store and online.  In 2008 the company was founded in Quezon City, Metro Manila.  The business was established by Mr. Angelito Ricamata Jr. And a sibling who both had training and experience from their family business of the same line. 

      From the first loan with NPFC, Angelito was able to expand his business operation by putting up a branch that requires him to hire additional workers.  He is now employing a total of eight individuals given with a weekly salary, mandatory benefits, meals, and accommodation.

      NPFC and LAH will be assisting Angelito to purchase stocks of air condition parts to effectively provide service to his regular clients.  Loan will be repaid within 24 months. 

      Company nameNPFC
      CEOAngelito Jr. Ricamata
      Founded2008-01-01
      LocationSta. Cruz Manila
      SectorServices
      Turnover€185,398.05
      Employees8

      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 Jay Air Aircon Services 2

      Ron van Eijk
      + and another
      12
      investors