Edwin Redido

Tabogon, Cebu, Philippines, Philippines

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Edwin Redido
Edwin Redido
Edwin Redido
Edwin Redido
Edwin Redido
Edwin Redido

Edwin needs just £1432.85 to complete his loan



Amount Requested

Amount requested:

£1597.85

Repayment term

Repayment term:

6 Months

Activity type

Activity type:

Retail - general household items

MFI Partner

MFI partner:

LAMAC

Edwin Redido is 46 and married. He lives with his two children and his wife in the village of Daantabogon, in the town of Tabogon
in Cebu province. Both of his children attend the local elementary school. Edwin and his wife run a small shop selling basic food and household items. He also sell snacks and cold drinks. His store is open everyday, from 6 in the morning until 9 in the evening and his business has been operating for eight years now. He earns an average daily income of 2,000 Philippine pesos (about £28). His customers are people in his locality. He wants to expand his business and introduce more grocery items to his shop to meet the demand of his growing customers. Edwin requested this loan from Lendwithcare’s microfinance partner, Lamac Multi-Purpose Cooperative, in order to have enough capital to purchase sacks of rice, corn, animal feeds and grocery items. He will also purchase a few pairs of ready to wear clothes, slippers, light bulbs, construction nails and paints. Edwin will purchase all of this in the main market of Bogo in his his multi-cab vehicle. He will continue running his business and hopes to earn more than usual so he can continue to provide for the needs of his family. He will repay his loan in six months.

Loan added: 15 May 2018

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Edwin's loan repayment schedule

Date Expected repayments Actual repayments
June 2018 £145.26 Available 01/06/18
July 2018 £242.10 Available 01/07/18
August 2018 £242.10 Available 01/08/18
September 2018 £242.10 Available 01/09/18
October 2018 £242.10 Available 01/10/18
November 2018 £242.10 Available 01/11/18


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