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funding gap emerging markets
Philippines

VJA Souvenirs 2

  • NPFC
  • Invest in microfinance
  • + 15 other investors
  • With a loan of EUR 5,800 Maridol can expand her business in souvenirs further on the isle of Cebu, Filippines.

    €5,800
    Amount
    3.00%
    Interest
    6 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€5,800
    Interest3.00%
    Maturity6 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 17 days on 21 September 2015.

      The project

      SECOND LOAN VIA LENDAHAND

      “VJA Accents and Souvenirs Enterprises” started its operation in 2005. VJA stands for the first letter of Maridol Juanich’s three children. The business is engaged in shellcraft industry. Maridol, also known as Dol, is a graduate of BS Management and is married to Joseph Marcius. She and her spouse had an experience as marketing assistant and production manager for over ten years in Cebu Manufacturing and Exporting Rattan Furniture, which was an exporter in United States and Europe. Due to the international financial crisis, the company was affected and shutdown and paid their workers as mandated by law. With the experience and separation pay that Dol and her spouse received, they decided to put up a small business. They started as a sub-contractor of different local exporters of shellcrafts. Until one of the client from their previous employer contacted Dol and asked for a business that she can offer him. With that, the business operation has been continuously growing. 

      Today, VJA Accents and Souvenirs Enterprises has been a shellcraft exporter in USA, Europe, and Canada. With the 15 years of operation, Dol has employed 27 regular workers and additional of 100 household workers that receives an above minimum wages, mandated benefits, and every Christmas are 13th month pay and bonuses. Lendahand partners with NPFC to provide this loan to Maridol.

      Company nameNPFC
      CEOMaridol Juanich
      Founded2005-01-01
      LocationCebu City
      SectorWholesale / Retail
      Turnover€174,240.36
      Employees27

      Impact

      There is currently no information available for this section. Check the Summary tab for more details.

      • With this investment 1 job is created
      • With this investment 4 lives are improved

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      We have already contributed to VJA Souvenirs 2

      Ron van Eijk
      + and another
      15
      investors