FT Socito Trading

With EUR 4,000 Frank will be able to fulfill the increasing number of orders and hire 5 new workers.

funding gap emerging markets
NPFC
Company
Philippines
Country

The project

Frankie Socito is a married man with 3 kids from Caloocan City. In 2002, he starts his own tofu and lumpia wrapper factory naming it FT Socito Trading together with his wife and delivers it to Valenzuela City and Balintawak market for over 13 years. Frankie also serves as a subcon of a friend who exports his products in California and Canada. 

He currently has 22 male and three female workers that receives per piece rate salary and a bonus depends on the demand of production. 

Together with Lendahand’s partner NPFC is helping Frank Socito in acquiring additional working capital to cater more orders from clients and to generate additional 5 new employees.

NPFC

CEO
Frank Socito
Founded
2002-01-01
Location
Caloocan City
Sector
Manufacturing / Production
Turnover
€105,581.07
Employees
25
€4,000raised
Fully funded in 2 days on 30 April 2015.
11investors
Invest in microfinance
€4,000
target
3.0
%
Interest
12
months
Maturity
6
months
Repayments
A
B
C
D
E
Credit score

Impact

5
Jobs created
20
Lives improved