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funding gap emerging markets
Philippines

FT Socito Trading

  • NPFC
  • Invest in a Financial Institution
  • + 11 other investors
  • With EUR 4,000 Frank will be able to fulfill the increasing number of orders and hire 5 new workers.

    €4,000
    Amount
    3.00%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€4,000
    Interest3.00%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 2 days on 30 April 2015.

      Summary

      Frankie Socito is a married man with 3 kids from Caloocan City. In 2002, he starts his own tofu and lumpia wrapper factory naming it FT Socito Trading together with his wife and delivers it to Valenzuela City and Balintawak market for over 13 years. Frankie also serves as a subcon of a friend who exports his products in California and Canada. 

      He currently has 22 male and three female workers that receives per piece rate salary and a bonus depends on the demand of production. 

      Together with Lendahand’s partner NPFC is helping Frank Socito in acquiring additional working capital to cater more orders from clients and to generate additional 5 new employees.

      Company nameFT Socito Trading
      CEOFrank Socito
      Founded2002-01-01
      LocationCaloocan City
      SectorManufacturing / Production
      Turnover€105,581.07
      Employees25

      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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