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Having a total initial investment cost of Php 1,948,965, the initial contribution of the
incorporators of EALA Inc. will not be sufficient to fund the project. As such,
additional investments from potential investors as well as from institutions are
necessary to execute the said project.
With the contribution of EALA Inc. proponents amounting to Php 1,000,000, the
company still needs Php 948,965 to finance the PantSaloon project. Fortunately,
some venture capitalists are supportive of EALA Inc.’s business venture.
1. Leonila T. Amposta
Vice-President for Operations, Bank of the Philippine Islands
An Economics graduate, Leonila T. Amposta has been in the banking industry for
30 years. Her work has landed her positions in banks like Far East Bank, Asian
Development Bank and Bank of South East Asia, before joining BPI as its VP for
Operations. Apart from her expertise in banking, she is interested in starting her
own business, particularly in the clothing industry. Hence, PantSaloon’s idea of
custom-fit jeans production is indeed appealing to her. She is willing to buy
shares of stocks of EALA Inc. amounting to Php 500,000.
As such, EALA Inc. can now loan a total of Php 198,965 at 14% 1, payable for 2 years.
Since the loan is quite small, EALA Inc. decided to borrow it from one bank,
specifically Philippine National Bank (PNB).
1
PNB’s interest rate is 14%. The rate may change depending on the bank of choice.