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funding gap emerging markets
Filipinas

Chester Garments

  • NPFC
  • Invertir en microfinanzas
  • + otros 4 inversores
  • With EUR 4,200 Jimmy has sufficient working capital to comply with the increasing number of orders.

    €4,200
    Importe
    3.00%
    Interés
    12 meses
    Vencimiento
    6 meses
    Reembolsos
    EUR
    Moneda
    Importe€4,200
    Interés3.00%
    Vencimiento12 meses
    Reembolsos6 meses
    MonedaEUR
      100%
      Completamente financiado en 17 díasen 20 Noviembre 2014.

      El proyecto

      Jimmy "Boy" Lumbao is a licensed electrical engineer and a father of 2. Chester Garments is a family owned business, which was Boy’s and his siblings’ legacy when his mother passed away. The company just passed its sixtieth year of producing plain T-shirts in assorted colors. Before joining the company, Boy worked at Wilfer Construction as an engineer. His sister managed the family business until she passed away in 1994. Boy stepped in and took over and has been managing the company for 20 years now.

      In the meanwhile the company grew and became well known brand in Divisoria and is predominantly sold in local malls. Chester Garments currently employs 14 workers that receive performance-based wages and free daily meals. The majority of the workers are high schools graduates or housewives. To show his commitment to the local community, Boy regularly donates goods or money to missionaries in the region.

      Not quite satisfied yet, Boy aspires for his business to expand and grow in order to gather more orders. Together with our local partner NPFC will Lendahand support Chester Garments by providing a loan that will enable Boy to expand its production capacity to support the additional orders. The loan will be repaid in 12 months.

      Nombre de la empresaNPFC
      Director generalJimmy Lumbao
      Fundado1954-01-01
      UbicaciónTondo Manila
      SectorProducción manufacturera
      Volumen de negocio€51,825.03
      Empleados14

      Impacto

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