Juanito Comeros

Lipata, Minglanilla, Cebu, Philippines, Philippines

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Juanito needed £312.07 for his business.

Amount Requested

Amount requested:

£312.07

Repayment term

Repayment term:

12 Months

Activity type

Activity type:

Workshop / Manufacturing

MFI Partner

MFI partner:

LAMAC

Juanito is from the village of Lipata in the town of Minglanilla in Cebu province. He is 43 years old and married with four children. Three are attending a local school. He and his wife have a bag-making business together. Juanito used to work for his relatives, who also make bags, but he started his own business when he got married 11 years ago. They make backpacks, handbags and eco-bags. The items range from 100 to 300 pesos each (about £1.40 - £4.25), depending on the design. The couple work at home and are helped by four other bag makers.
Juanito rents two wooden tables in two different areas of Cebu city, where he displays his products. He employs two staff who watch over his two shops for him, as they are busy at home making bags. In one day, they can make between 70 and 120 bags. He also accepts bulk orders from customers for the bag designs they want. Over the past years of doing business he was able to purchase two sewing machines from his income. He finds it a good source of income to support their household needs. On a daily basis he earns about 2,500 pesos (about £35) while at weekends he earns about 5,000 to 8,000 Philippine pesos (about £71 - £113).
If it’s high season for bags, like the start of term, he can earn more than 5,000 pesos (about £71) a day from his two stalls. Juanito applied for this loan from Lendwithcare’s microfinance partner, Lamac Multi-Purpose Cooperative, in order to acquire fabric, zips and leather in bulk so he can make more bags for the start of the school term. With this investment he will surely earn more income so he can get more orders from the market. Juanito hopes to increase his income in the future for he wanted to build a bigger and more spacious house for his family. He promises to repay his loan over twelve months.

loan added: 17 May 2018

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Juanito's loan Repayment schedule

Date Expected repayments Actual repayments
May 2018 £28.37 --
June 2018 £23.64 --
July 2018 £23.64 --
August 2018 £23.64 --
September 2018 £23.64 --
October 2018 £23.64 --


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