Total loan: $1,000
Dubinan West Santiago City, Cagayan Valley, Philippines / Food
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A loan helped to buy stocks of frozen foods for her business.
Lorna is a dealer of frozen foods. She is 40 years of age, married to a policeman, with two children. The couple both work hard in order to earn a living. She has been selling frozen foods for almost eight years and earns about 30,000 PHP. She uses her income towards their daily needs, an allowance for one of her children, rental of their house and savings. Lorna wants to have more capital for her business due to some late payments of her customers. For this reason, she is asking for a loan of 40,000 PHP, allowing her to buy stocks of frozen foods such as tocino, embutido, longanisa (sausage) and hotdogs. She believes that her business will continue to improve so she can satisfy and supply all her customer’s needs. Lorna is looking forward to the approval of her requested loan amount so she can continue to make a profit, enabling her to sustain her family's basic needs and educate her two children.