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funding gap emerging markets
Philippines

VJA Souvenirs 3

  • NPFC
  • Local partner investment
  • + 13 other investors
  • With a loan of EUR 19,800 Maridol will be able to serve her new clients in the United States properly.

    €19,800
    Amount
    3.00%
    Interest
    24 months
    Maturity
    6 months
    Repayments
    EUR
    Currency
    Amount€19,800
    Interest3.00%
    Maturity24 months
    Repayments6 months
    CurrencyEUR
      100%
      Fully funded in 11 days on 6 December 2015.

      Summary

      THIRD LOAN

      “VJA Accents and Souvenirs Enterprises “ was founded in 2005, solely owned by Maridol ‘Dol’ Juanich from the province of Cebu. The business focuses on seashell handicrafts or also called as shell crafts. It was established with the used of Dol’s separation pay from her previous work, where she also gained her knowledge and experience in shell craft designs, manufacturing, and product exporting. The company where Dol used to worked from is an export business that shut down because of the financial crisis in United States of America (U.S.A) which totally affected the business. One of its client approached Dol to what she can offer him, this became the open window for Dol and spouse to tap clients from multiple countries abroad. 

      At present, Dol is employing 27 regular workers that receives an above minimum salary, benefits, including 13th month pay and bonuses. An additional 100 household workers are also employed. From the previous loan proceed that Maridol has acquired in NPFC she was able to serve additional five more clients, two of which are companies based in U.S.A. 

      With this, Maridol will be needing additional working capital loan to cater all purchase order of her old and new clients.

      Company nameVJA Souvenirs 3
      CEOMaridol Juanich
      Founded2005-01-01
      LocationCebu City
      SectorManufacturing / Production
      Turnover€89,168.49
      Employees27

      Impact

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

      • With this investment 3 jobs are created
      • With this investment 12 lives are improved

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