Philippines
Loan description:
Robert Madrid is a 45 year old business man. He is married and has three children aged 11, 14 and 17 years old who are all still at school. The family lives in the village of Ibo, Toledo city.
Robert opened a business two years ago selling animal feeds, vitamins and medicines. His shop is located in the highway of River Side Sangi in Toledo. He rents the premises the for 8,000 pesos a month.
His shop is open everyday from 6:30 in the
morning and closes at 7:30 in the evening. He has one employee to arrange the stocks and attend to customers orders. His daily average sales is about 10,000 pesos and earn more than that every weekends.
All of his items are fast selling so he needs to stock a high volume of products in his shop.
He acquires his stocks from a delivery firm once a week and he pays from 70,000 to 100,000 pesos a week depending on the stocks needed.
To increase his turnover still more, Robert joined and applied for a loan from our Lendwithcare's partner MFI Lamac Multi-Purpose Cooperative. He is a member
for nine months now and has already successfully repaid four past loans. He has requested a new loan of $1141 in order to buy a higher volume of animal feeds to meet the demand of his fast growing customer base.
He will repay his loan in 12 months.
Loan added: 4 June 2018
Robert's loan repayment schedule
| Date | Expected repayments | Actual repayments |
|---|---|---|
| £86.44 | ||
| £72.03 | ||
| £72.03 | ||
| £72.03 | ||
| £72.03 | ||
| £72.03 | ||
| £72.03 |
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.
