Concepcion, Cabanatuan, Nueva Ecija, Philippines
Lea has fully repaid her loan of £138.39
Lea Delos Reyes is 39 years old and married with five children who are aged between 18 and 7. All of her children are currently studying at the local school. They live in a place called Concepcion, which is in the town of Cabanatuan in Nueva Ecija province. Her husband, Ricardo, is 38 years old and a company driver. Lea currently operates a recycling centre from a small vacant portion of their garage. She regularly buys scrap materials from her neighbours and other rubbish collectors. She accepts plastic bottles, cans and sacks. She then stores the items and re-sells them on a wholesale basis after a week or two of collecting. Lea has a regular buyer of scrap materials from whom she can earn a small profit. She operates her business using a small amount of money that serves as her revolving capital. She also employs two part-time workers who assist her in arranging and organising the products. This has been her business for four long years and she is glad to provide her neighbours with an extra source of income by selling their scrap while teaching them how to value the environment. Lea recently received a loan worth 8,000 Philippine pesos from the microfinance organisation, Alalay sa Kaunlaran, which she wishes to use as additional working capital in buying more recyclable items from her neighbours. This will in turn generate higher profits and enable her to support the studies of her children. Lea hopes to acquire a larger lot someday and to establish a second business. Her loan is repayable over six months.
loan added: 17 October 2012
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Keith and Sandra