A loan of $500 helped to buy merchandise to resell in her variety store, such as canned goods, shampoo, soap, soft drinks, sugar, coffee and assorted biscuits.

Luzviminda's story

Luzviminda is a hard-working and business-oriented woman. She is married and has two children. Both of her children currently go to school.

Luzviminda's and her husband's primary business involvement is in agriculture, particularly corn farming and hog raising. She manages three hectares of corn and raises one sow and three fattening hogs. According to her, she has been running her agricultural business since 1999. With her patience and the support of her husband, they were able to improve their financial stability and established another business, which is a variety store.

Her variety store has been open for two years. Luzviminda plans to buy stocks of merchandise, such as canned goods, shampoo, bar soap, soft drinks, sugar, coffee and assorted biscuits. But due to having had insufficient funds to fully stock the store, she is requesting a loan of PHP 20,000. She knows that through re-stocking her variety store with a complete set of basic commodities, she could gain more income. Also she will reduce her costs, because now she has high fare expenses in going to and from the market where she buys inventory, because her place is too far from the market.

Luzviminda hopes that she will obtain this loan amount, and use it for profit, which will help her to educate her two children and continue to improve her financial stability.

Loan details

Lenders and lending teams

Loan details