Secondina

Loan description:

Secondina Jaranilla is a 54 year old woman with three children. Her youngest child is still studying in high school. Her husband passed away three years ago. Her family lives in the village of Carmen which is in the town of Toledo in Cebu province. Secondina runs a stall in the town's public market which focuses in selling ready to wear dresses, shirts and pants. She also sells slippers, rubber shoes, bags, school uniforms and socks. She also has two other outlets outside the market wherein she hires two female assistants to manage the stalls. Most of her stocks are bought in Cebu City where her regular suppliers are situated. She has been operating the business for more than 30 years now. Secondina has requested her fourth loan from the micro-finance organisation, Lamac Multi-Purpose Cooperative, in order to have more funds to buy the stocks needed at her stall. All of her items are salable so she needs to maintain the quantity of her stocks to keep her loyal customers. Secondina wants to earn more so she could support her family's needs. Her loan was released last 2 August and is repayable over a period of six months.