Total loan: $1,175
Dipolog-Dapitan City, Zamboanga Peninsula, Philippines / Retail
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A loan helped purchase additional inventory for his food stall.
Ronald Ryan's story
Ronald Ryan D. is from the village of Polo. He is 29 years old. Ronald Ryan is married and has two school-aged children. To make a living, Ronald Ryan owns & operates a food stall where he sells soft drinks and other food products in the local community. Ronald Ryan has been engaged in his business for over two years and earns approximately 5,000 PHP a month for these activities. In 2007, Ronald Ryan joined PMPC to gain access to financial services to help improve his living situation and ability to engage in business activities. Ronald Ryan has successfully repaid a previous loan of 12,000 PHP from PMPC. This previous loan was used to purchase additional products to sell. Ronald Ryan is requesting a new loan of 50,000 PHP, which will be used to purchase additional inventory & working capital. This loan will be the ninth loan taken out by Ronald Ryan from PMPC. He plans to use the additional revenue generated from the business to improve/expand his business and to pay for the education of his children.