Philippines
Loan description:
Anecito Rivera is 54 years old and lives in a small town in Cebu province with his wife. He is a fruit vendor who sells different kinds of seasonal fruit in the public market of the town. His business is 3 years old and provides fresh and affordable fruit to buyers. This season, he has focused on selling unripe mangoes, jackfruit and bananas. These fruits are in high demand and provide Anecito with a reasonable income. He acquires these from a trusted wholesaler of fruits and then re-sells them on a per kilo basis. Anecito uses a large wooden table to display all his fruit and has a small weighing scale to determine the amount and price. He has recently sought a loan worth $394 (15,000 Philippine pesos) from the microfinance organisation, First Consolidated Cooperative, after he successfully repaid two previous loans. This new loan will give him the
chance to purchase larger volumes of fruit for his stall. An increase in his income will be advantageous to the future expansion of his business while providing the educational needs of his children at college. Anecita promises to settle his loan over a period of six months.
Loan added: 19 June 2013
Anecito's loan repayment schedule
| Date | Expected repayments | Actual repayments |
|---|---|---|
| £25.92 | ||
| £43.20 | ||
| £43.20 | ||
| £43.20 | ||
| £43.20 | ||
| £43.20 | ||
| £43.20 |
The above amounts are indicative, based on the exchange rate the day this loan was added to the website. The actual amounts you will receive will be based on an exchange rate at the time the repayment is returned to your account. See our Help Centre for more information.
