Robert Madrid

Toledo, Cebu, Philippines, Philippines

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Robert needed £950.83 for his business.

Amount Requested

Amount requested:

£950.83

Repayment term

Repayment term:

12 Months

Activity type

Activity type:

Shop

MFI Partner

MFI partner:

LAMAC

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: 04 June 2018

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Robert's loan Repayment schedule

Date Expected repayments Actual repayments
June 2018 £86.44 --
July 2018 £72.03 --
August 2018 £72.03 --
September 2018 £72.03 --
October 2018 £72.03 --
November 2018 £72.03 --


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