Did you know that currently, one-third of the population of the Philippines lives under the poverty line and 60% are employed in the informal economy, running small businesses which are not recognized by the government?
By contributing to this initiative, you are helping to expand access to financial services so that more people in the Philippines will be able to have access to loans, training, savings, and innovative insurance covering life, property and even typhoon damage. With your support, we can empower people to work their way out of chronic poverty, transforming their lives, their children's futures and their communities.
Rebeca is 39 years old and a widow. She has two school-aged children. Their family resides in Llanera, Nueva Ecija.
Engaging in a general store is the primary source of income for Rebeca. She sells a variety of different products in the local community. She has been managing her business for over 8 years and she earns approximately 6000 Php monthly.
Rebeca works hard in order to make her store more productive and she really need an additional capital to make her business improvement see in reality. She is requested to avail a loan amounting to 10000 Php to purchase additional inventory and working capital for the improvement of her store. The income that she will generate from the business will be used to finance the education of her children.
About Rebeca Delos Reyes's Loan:
- City: Llanera, Nueva Ecija
- Country: Philippines
- Loan Requested: $250
- Loan Term: 24 weeks
- Loan Use: to purchase additional inventory and working capital for the improvement of her store
- Date Posted: May 02, 2012
- First Repayment: April 25, 2012