Total loan: $775
Antipolo, Rizal, Calabarzon, Philippines / Food
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Norita's loan finished fundraising,
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A loan helped To buy inventory for her business, including coconut jam, banana chips, peanut butter, wafers, banana fritters, cashew nuts, immature rice and other supplies.
Norita is a hardworking businesswoman who has a food vending business to earn a better living. She has been in this business for more than 20 years. Norita belongs to a group of young entrepreneurs of Riverside Center in Rizal West Branch (RWB). With the support of ASHI and Kiva lenders of her previous loan, Norita appreciates that the loan has helped her improve own business, build her own house and support the education of her siblings, hence having better living standards. Currently in Norita’s increasing business, she would like to request a second kiva loan in a much larger loan amount to supplement her running capital. Specifically, the loan fund will be used to pay for more inventory for her business, including coconut jam, banana chips, peanut butter, barquillos (wafers), banana fritters, immature rice (pinipig), cashew nuts and other supplies. In the meantime, the profits she makes from her business are saved in preparation for the expense of educating her four children. She hopes that until their graduation from college, she will be able to give them her support financially. Norita dreams to have a store in the marketplace and to buy more inventory in the future for better output. She sees herself venturing into a full-fledged wholesale business in the next seven years. With the support of our Kiva supporters, Norita is optimistic that the family business will continue to grow, bring steady profits, and sustain improvements in her family’s quality of life. Her long term goals are to maintain the output of her business, and support the other family business of rental fees (apartment houses) in the local community, and to purchase a new tricycle (three-wheeled-vehicles) for added income. Norita also dreams of brighter future and to bring happiness and harmony into their home.