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funding gap emerging markets
Philippines

Frans Mel Footwear

  • NPFC
  • Invest in microfinance
  • + 10 other investors
  • With a loan of EUR 5,000 Francis will be able to expand his shoe factory and hire 2 additional employees.

    €5,000
    Amount
    3.00%
    Interest
    18 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€5,000
    Interest3.00%
    Maturity18 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 2 days on 31 May 2015.

      The project

      In 2009, Francis Rafael started his own footwear manufacturing in Liliw, Laguna. Footwear business was inherited by Francis from his parents. They named it “Frans Mel Footwear”, a combination of his name and her wife Melvic. All their manufactured shoes are delivered to their two shops located at Lipa and Tanuan Batangas. Aside from their shop, they also have direct and regular clients. 

      Francis employs twenty-five workers, provided with per piece rate salary average. To help the community, they sponsor some of their municipality activity, such as feeding program.

      Together with Lendahand’s partner NPFC is helping Francis Rafael in acquiring additional working capital expand his footwear business and which will be able to hire two more workers.

      Company nameNPFC
      CEOFrancis Rafael
      Founded2009-01-01
      LocationLiliw Laguna
      SectorManufacturing / Production
      Turnover€85,676.35
      Employees25

      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 Frans Mel Footwear

      Peter Boot
      A. Pronk
      + and another
      10
      investors