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funding gap emerging markets
Filipinas

Manresa Engineering

  • NPFC
  • Invertir en microfinanzas
  • + otros 26 inversores
  • With EUR 7,200 Mark can export his products for telecom providers to Myanmar. Also, he creates 3 jobs.

    €7,200
    Importe
    3.00%
    Interés
    6 meses
    Vencimiento
    6 meses
    Reembolsos
    EUR
    Moneda
    Importe€7,200
    Interés3.00%
    Vencimiento6 meses
    Reembolsos6 meses
    MonedaEUR
      100%
      Completamente financiado en 38 díasen 23 Octubre 2014.

      El proyecto

      Mark Stephen Young is a 35 year old architect and father of 3 children. He worked as a progressive architect for 1.5 years, but resigned as he was not content with the company. He made an investment once of approx. 9000 euros, but failed as the company went bankrupt.

      Tired of working and investing, Mark's wife encouraged him to set-up a business in manufacturing electronic equipment such as automation controllers. In 2004, he started Manresa Trading & Engineering Services from their savings. His wife was responsible for the marketing and was able to make a great deal with a telecommunication company. Ever since, business went well. Their business model works, as clients are required to make a down-payment of 50% which ensures the company's liquidity.

      Currently, Manresa Trading & Engineering Services employs 7 employees on a weekly basis along with free meals and transportation allowances. Among the 7, 4 work as laborers and were trained by Mark himself. The other 3 work as office staff. Mark also offers employee loans without charging interest and has granted 7 scholarships to children of his employees. 

      Mark is planning to go international in Myanmar. Mark’s mother-in-law, who lives in Myanmar, will bring the products into the country in order to sell them there. The foreign expansion will result in the hiring of 3 additional employees. 

      Together with local partner NPFC Lendahand can support Manresa Trading & Engineering Services to acquire additional capital to boost the production and support for the incoming orders. The loan will be repaid in 6 months.

      Nombre de la empresaNPFC
      Director generalMark Young
      Fundado2004-01-01
      UbicaciónQuezon City
      SectorServicios
      Volumen de negocio€35,362.42
      Empleados7

      Impacto

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