A loan of $475 helped to buy a grinder for processing coconuts, and to purchase more coconuts.

Nuñela's story

Nuñela M. lives in Culasi, Antique Province. Culasi is a coastal town at the northern end of Antique, and the mainstays of the local economy are fishing and farming. Nuñela, who is 75 years old, has run a business with her husband Juanito selling coconuts and charcoal for 18 years. They have a stall in the main public market in Culasi from which they sell fresh whole coconuts, ground coconut meat, and charcoal.

Nuñela plans to use the proceeds of this loan to buy a new grinder to process coconuts, and any money left over will be used as working capital to buy more fresh coconuts. The grinder is a rotary, electric tool attached to a table that makes it easy to extract coconut meat efficiently.

Nuñela hopes her business will continue to generate a stable income. She has been helping support her grandchildren's education, and says she never stops thinking about the welfare of her whole family.

Loan details

Lenders and lending teams

Loan details