Total loan: $125
Bagabag, Nueva Vizcaya, Cagayan Valley, Philippines / Food
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Mary Rose and Giovani A. are a young couple who are raising their family in Barangay Tuao, North Bagabag, Nueva Vizcaya. She is 22 years old and her husband is 24 years old. Neither of them finished college because they married at an early age. Their parents help them because they don’t have a stable source of income. It is difficult for them to find jobs because they did not graduate from college. Her husband wants to work in construction at Bagabag Nueva Vizcaya. Mary Rose sells food in their village while taking good care of their two young children. She started the business with only PHP 2,000 (~ $40 USD) in business capital. She now earns a net income of PHP 500 each week which they use to pay for their daily needs. Mary Rose wants to have additional business capital to develop her food vending business. For this reason, Mary Rose would like to borrow PHP 5,000 from KIVA lenders. She believes that she can earn a higher income and save for the future of their children with this loan.