Roy

Loan description:

Roy Zaragoza owns a repair workshop and employs ten full-time staff. He is 49 and married to Monina with three children aged 7, 17 and 21 respectively. He lives with his family in Negros Occidental province. For the last eight years, Roy has operated a business known as San Carlos Whiteline Servicing specialising in the repair of different kinds of appliances such as air-conditioners, refrigerators, freezers, electric fans and televisions. He has been so successful that he has even earned contracts with large appliance dealers such as Sharp and Panasonic. Roy has been a member of the microfinance organisation First Consolidated Cooperative for the past four years and has already received and repaid five loans. He is now requesting a new much larger loan of $7875 loan in order to purchase additional spare parts for his air-conditioning and refrigerator repair services. He has promised to repay this over eighteen months. His dream is to establish several branches or service shops all over Negros province so that he can employ more undergraduates and unemployed people.