La Fragata Colina

With a loan of EUR 14,000 Maria can further expand her popular restaurant in tourist city Paipa.

funding gap emerging markets
Eclof Colombia
Company
Colombia
Country

The project

After 20 years working at a restaurant, Ms. Parra decided to open her own at Paipa, a popular city for tourists in Boyacá, Colombia. Following the huge success of her venture, she will use the loan to expand her restaurant to accommodate more guests.

Maria has now 11 people working for her, with the loan she will be able to hire 3 more people to work in her restaurant.

Lendahand will provide the loan to Maria together with local partner VSC. The loan has to be repaid in 24 months.

Eclof Colombia

CEO
Maria Margarita Parra
Founded
2014-01-01
Location
Paipa, Boyaca
Sector
Services
Turnover
€168,421.05
Employees
11
€14,000raised
Fully funded in 8 days on 12 June 2015.
27investors
Invest in microfinance
€14,000
target
4.0
%
Interest
24
months
Maturity
6
months
Repayments
A
B
C
D
E
Credit score

Impact

3
Jobs created
12
Lives improved