Veritas Social (C)

funding gap emerging markets
NPFC
Compania
Filipine
Țara

Proiectul

Veritas Social Empowerment Inc. is a non-Government, non-profit organization (NGO), founded by Fr. Benigno Beltran Jr., The members of Veritas are mostly seminarians in The Maynilad-Veritas Gusali Tondo, Manila. Veritas operates out of a building that has been provided for free by Maynilad.

The priority of Veritas is supporting people in a highly depressed resettlement area, in Tondo, Manila. Resettlement areas are government designated areas where urban (illegal) squatters or informal dwellers are relocated.

Veritas provides the community with free entrepreneurial training and development. They are also providing education by teaching computer skills to the elderly and the youth.

One of their projects is the distribution of commodities where basic household commodities are bought in bulk and sold to the community. Today, Veritas employs 32 individuals called OTDO’s (Order Taker and Delivery Officer). Veritas decided to apply for a loan from NPFC to use as additional capital to get more products and to accommodate more OTD Officers. The goal of the loan is to finance products that can be sold by the OTD Officers and to provide them with a livelihood.

Veritas gives hope to underprivileged people.

N.B. this project has now been split into 4 equal parts; this is the third tranche (C)

NPFC

CEO
Veritas
Fondată
Locație
Tondo, Manila
Sector
Comerț cu ridicata / cu amănuntul
Cifra de afaceri
€0
Angajați
32
€2,200ridicat
Finanțare integrală în 459 zile pe 29 octombrie 2013.
10investitori
Investiți în microfinanțare
€2,200
țintă
3.0
%
Interes
24
luni
Maturitate
6
luni
Rambursări
A
B
C
D
E
Scorul de credit

Impact

11
Locuri de muncă create
44
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