Philippines
Maria Elizabeth Hortelano is a 53 year old woman and married with four children all ages between 6 to 24 years old. Her eldest is now working while the three younger children attends school. Her husband is Joselito and they all live in the village of Poblacion which is in the town of San Fernando, Cebu province. Joselito is working in the Department of Education while Maria Elizabeth runs her own business.
Nine years ago, Maria Elizabeth Hortelano started her own business in order to earn income to help her husband in dealing with their household needs and schooling of their children. She rented a stall in the town's public market and there she sells basic commodities, goodies, baking ingredients and materials and many more. Right now, she employs two workers who helps her in running the business. One of them has been working for her for many years now. Her stall is open everyday from 6 am in the morning and closes at 5 pm in the afternoon. Her stocks are bought from food panel trucks, in shopping malls and sometimes in Cebu city. During the pandemic months her stall was open but her income was different compared to before the pandemic occurred. But thankfully her business is doing well since the restrictions have been relaxed. Many people can now freely go back & forth to the market. Last month, her sales rose up for her baking ingredients and materials soled well due to the the holiday season.
In 2012, Maria Elizabeth had joined the MFI-Lamac and availed loans to access more investment for her business. Recently, she applied for another loan in order to access more funds to restock her store. She will buy volume of food items such as flour, margarine, cooking oil, eggs, plastic food containers, basic commodities and many more. Her income in running the business definitely helped the couple in dealing with their household needs and continue sending their three children to school.
She will repay the loan over the period of twenty-four months.
If you are lending, please be aware that due to the current COVID-19 pandemic your repayments could be at greater risk of delay or default.
Loan added: 8 January 2021
Maria Elizabeth's loan repayment schedule
| Date | Expected repayments | Actual repayments |
|---|---|---|
| £153.44 | ||
| £63.93 | ||
| £63.93 | ||
| £63.93 | ||
| £63.93 | ||
| £63.93 | ||
| £63.93 |
The above amounts are indicative, based on the exchange rate the day this loan was added to the website. The actual amounts you will receive will be based on an exchange rate at the time the repayment is returned to your account. See our Help Centre for more information.
