Ico?s Paper Mache

With a loan of EUR 15,600 Ester can increase her stock of paper mache significantly and boost production.

funding gap emerging markets
NPFC
Company
Philippines
Country

The project

“Ico’s Paper Mache” was established in year 1992 by Ester Ico and husband Salvador. Both couple worked in a handicraft business, before they decided to establish their own. They combined their experiences and ideas with the concept they wanted for their products. The couple came up with a unique design for their products, which is their edge against competitors. The business is engaged in emboss design of paper mache, and christmas decorations. For over 20 years, they are the only sub-contractor of Manex Handicrafts Inc., for the paper mache items.

Ester employs a total of 10 workers, with three sub-contractors, receiving a piece rate salary. Lendahand together with its local partner NPFC will help Ester to acquire working capital to boost its production.

NPFC

CEO
Ester Ico
Founded
1992-01-01
Location
Paete Laguna
Sector
Manufacturing / Production
Turnover
€35,678.88
Employees
10
€15,800raised
Fully funded in 3 days on 7 August 2015.
25investors
Invest in microfinance
€15,800
target
4.0
%
Interest
24
months
Maturity
6
months
Repayments
A
B
C
D
E
Credit score

Impact

1
Jobs created
4
Lives improved