Joel & Luz Handicraft

With a loan of EUR 1,600 Luzviminda can boost her working capital for the increased orders in the holiday season.

funding gap emerging markets
NPFC
Company
Philippines
Country

The project

Making paper mache was Ms. Agana’s family business, which she assumed and continued. Using old newspapers and magazines, they make paper mache Christmas figurines and other decorations. The business started with only Ms. Agana and her husband making the items, but as a result of good sales, they hired employees, most of which are their neighbors. They sell their products to various areas in the Philippines such as Divisoria, Quiapo, Batangas and Cavite. Ms. Agana, was referred to NPFC by an existing client. She borrowed from NPFC to augment her working capital for the increased orders brought about by the upcoming holiday season.

NPFC

CEO
Luzviminda Agana
Founded
1995-01-01
Location
Kalayaan Laguna
Sector
Manufacturing / Production
Turnover
€42,060.98
Employees
30
€1,600raised
Fully funded in 1 day on 9 December 2014.
5investors
Invest in microfinance
€1,600
target
3.0
%
Interest
6
months
Maturity
6
months
Repayments
A
B
C
D
E
Credit score

Impact

1
Jobs created
4
Lives improved