Gina

Loan description:

Gina is a 39 year old married woman with three children aged between 8 and 15 years old. All of her children are attending the local school in their place called Aliwanay, in the town of Balamban in Cebu province. Gina and her husband Jayfer run a food stall in the town's public market. They offer a traditional snack called 'puto maya' (made of rice, coconut milk, condensed milk, ginger and sugar), bread, hot chocolate, coffee and milk. The couple and their two hired workers starts to cook as early as 2am, as most of their customers are market vendors who are awake at dawn to manage their business. Every weekend, Gina can sell up to 50 kilos of 'puto maya'. Her business was started by her father 21 years ago. Early next year, Gina will transfer to a newly constructed building. This will be her permanent stall where she can keep her products safe and also display and sell them. She can also provide a better eating area for her regular customers. Gina is a member of Lendwithcare microfinance partner, Lamac Multi-Purpose Cooperative. She sought

this loan to have additional working capital so she can purchase the ingredients for her 'puto maya' business - mainly quality rice in bulk, as well as charcoal and firewood. She will also use 20% of the loan the money to pay

the cash bond required to acquire her new stall. Gina is very happy and thankful to have been funded twice by Lendwithcare lenders. She is doing her best to earn more money and finding ways to improve her business. She will repay this loan in 12 months.