Tagba-o, Cebu, Philippines, Philippines
Emelda needed £599.58 for her business.
Emelda Montero is a 47 year old business woman. She runs a small ‘sari-sari’ (general store) and a food stall selling barbecue food. She has three children and two of them are already married and living separately. Her husband Constantino is 51 years old and works as a village peacemaker and driver. Five years ago Emelda started her business. In addition to selling basic commodities, Emelda also sells a few kinds of fertilisers and pesticides. Her store is near the trading area where many farmers get together to sell their crops to the traders who visit town. At her shop people can also play billiards, or sing songs on the video karaoke machine. Sunday is the busiest day and she hires one employee who helps her manage the business. To increase her working capital, Emelda requested her second loan from Lendwithcare’s microfinance partner, Lamac Multi-Purpose Cooperative.
She will use the loan money to purchase more fertilisers, crop protection products and grocery items such as rice and corn. All of these products are popular at her store. Emelda aims to improve her business and increase her daily sales to support her five year old child. She will repay her loan in six months.
loan added: 12 February 2018
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