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funding gap emerging markets
Philippines

Franza Canteeneta 2

  • NPFC
  • Invest in a Financial Institution
  • + 12 other investors
  • With a loan of EUR 4,800 Jurnalyn will be able to open a second branch of her bakery and serve more customers.

    €4,800
    Amount
    3.50%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€4,800
    Interest3.50%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 11 hours on 6 January 2017.

      Summary

      From Tabuk City, Kalinga, Jurnalyn Aglasi founded “Franza Canteeneta” in 2012.  The business is operating as a panciteria and a bakery.  Jurnalyn established her business in Bulanao Market catering different customers including Farmers from the far flung barangays of Kalinga.  These farmers are given with a credit line where they can pay for a term basis of their ordered meal.  Other cooked food and breads are delivered to customers on a daily basis.

      From her first loan to NPFC, she was able to hire two additional workers that makes her present to seven staff.  They all receive their salary on a regular basis.

      Jurnalyn dreams to expand her operation by having a branch in Tanudan, Kalinga and reach and serve more customers and farmers.

      Loan proceed will be used to purchase ingredients and machine for more production of breads. 

      Local partner NPFC provides a loan to Jurnalyn that must be repaid within 12 months. 

      Company nameFranza Canteeneta 2
      CEOJurnalyn Aglasi
      Founded2012-01-01
      LocationTabuk City, Kalinga Apayao
      SectorServices
      Turnover€54,136.27
      Employees7

      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 Franza Canteeneta 2

      Ron van Eijk
      Jan de Wit
      Aad Smits
      + and another
      12
      investors