funding gap emerging markets
Philippines

Rey & Mayet Goldsmith

  • NPFC
  • Local partner investment
  • + 12 other investors
  • With a loan of EUR 4,000 Merlita will be able to expand her jewelry store and hire 2 additional employees.

    €4,000
    Amount
    3.00%
    Interest
    18 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€4,000
    Interest3.00%
    Maturity18 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 2 days on 31 May 2015.
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      Based on all Lendahand historical investments
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      Summary

      Merlita Sarmiento also known as Mayet from Nagcarlan, Laguna, is a mother of four kids, and is married to Reynaldo. Mayet and spouse were both college graduate and were employees at first but they saw the potential in jewelry making. Since Reynaldo was exposed and influenced by his parents they started their business in November 1991, and named it next to their name, “Rey & Mayet Goldsmith”. They have their shop in Nagcarlan to display their jewelry product, and also makes college ring for graduates. 

      At present, they have two male and three female workers. Aside from the compensation, their workers also receive meal allowance and bonuses. To support the community, they provide budget to feeding program to their municipality semi-annually. 

      Together with Lendahand’s partner NPFC is helping Merlita Sarmiento in acquiring additional working capital to expand its jewelry business and will be able to hire 2 more workers.

      Company nameRey & Mayet Goldsmith
      CEOMerlita Sarmiento
      Founded1991-01-01
      LocationNagcarlan Laguna
      SectorManufacturing / Production
      Turnover€53,882.80
      Employees5

      Impact

      There is currently no information available for this section. Check the Summary tab for more.

      • With this investment 2 jobs are created
      • With this investment 8 people are reached

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