Islænder™ and Happilen Foods Corporation inked an agreement


Islænder™ inked an agreement with Happilen Foods Corporation opening up a credit line to finance its acquisitions and expansion programs.  Recently concluded purchase of a Suzuki mini van for its logistics requirement as it prepares to open its first major branch outside Lapu Lapu City is the first of its engagement under the agreement with more to come as Happilen geared towards opening more branches within the nearby areas.  Weighing on the effects of the pandemic on Islænder’s cashflows, the management has to rebalance its portfolio which was heavily on Personal Loans.  The management is banking on the micro and small enterprises to bounce back.  The move is to strengthen its foothold on helping micro and small enterprise get back on their feet after a devastating effect of the pandemic.  The company is offering an innovative micro business loan package where it offers not only seed money or capital augmentation for existing businesses, but also technology and management coaching services to help owners develop management skills to effectively run their business.

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