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funding gap emerging markets
Philippines

Iris Hopewell Commercial

  • NPFC
  • Invest in a Financial Institution
  • + 21 other investors
  • With a loan of EUR 9,800 Virgilio can purchase much more corn and rice grain from farmers and sell it to customers.

    €9,800
    Amount
    3.00%
    Interest
    12 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€9,800
    Interest3.00%
    Maturity12 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 10 days on 27 June 2015.

      Summary

      Virgilio Ko is a resident of Tabuk City, Kalinga. He is a Certified Public Accountant (CPA) by profession but decided to continue their family business in rice trading. He established his business named “Iris Hopewell Commercial” in 1996, that primarily focuses on buy and sell of corn and rice grain. He buys corn and palay (rice grain) from different farmers of Kalinga, then deliver and sells it in Isabela Province.

      Virgilio employs ten workers, paid on a daily basis and is provided with free meals.

      Lendahand and its local partner NPFC, will help Virgilio acquire additional working capital to purchase palay and build up inventory.

      Company nameIris Hopewell Commercial
      CEOVirgilio Ko
      Founded1996-01-01
      LocationTabuk City, Kalinga Apayao
      SectorWholesale / Retail
      Turnover€89,107.56
      Employees10

      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 Iris Hopewell Commercial

      A. Pronk
      Jan de Wit
      Falco Valkenburg
      + and another
      21
      investors