Angelina

Loan description:

Angelina Pascual is a 51 year old married woman who has three children ages 27, 25 and 19. Two of her children have already finished college while her youngest is in his fourth year as an engineering student. Her husband is Ramon, 50 years old and a local farmer in their place at Mataas na Kahoy which is a village in the town of Gen. Natividad, Nueva Ecija province. She provides supplementary income for her family through a grocery store that she has been managing for more than ten years. The store is situated in an area near their house and serves neighours by giving them cheap but quality goods and necessities. Angelina sells various sorts of consumable items including eggs, snacks, biscuits and condiments. She also vends few fruits and vegetables that she buys in the public market and she then re-sells per piece. She understands the limited capabilities of her customers to acquire in large quantities. Her products include bananas, cabbages, tomatoes and potatoes which are commonly needed by household mothers on their everyday preparation of meals for their families. These fresh selections of fruits and vegetables are placed outside the store using a long table, while the grocery items are well-arranged inside the workplace. She is assisted by two close relatives who voluntarily help on her daily selling activities. Angelina is a member of the microfinance organisation, Alalay sa Kaunlaran for eight long years and has managed to complete fifteen past loans. She has again received a new loan amounting to 25,000 Philippine pesos that she promises to settle over six months. This loan is for the acquisition of more grocery item, fruits and vegetables to increase her daily sales and income. She wants to further increase her revolving capital and save significant amount of money to support the education of her youngest son.