Philippines
Lucia Repollo is 53 years old, a mother of five adult children. Three of her children are now living separately while the two children lives with her in the village of Santo Niño which is in the town of Toledo in Cebu province. She had raised her children alone because she separated from her husband many years ago. For two years, Lucia has been earning an income by selling various basic commodities, household items, school supplies, animal feeds etc.
Lucia rented a space beside a beauty parlor, owned and manage by one of her child. It is found near the main road so passersby can easily access her store. She is paying monthly rent of 5,000 pesos (£76.01). Her store is open everyday and twelve hours a day. Her customers can freely choose their items to buy. She offers various basic commodities, household items, school supplies, animal feeds and etc. Lucia usually manages the store by herself but sometimes her children and her niece also help her if they have free time. To replenish her stocks she buys her products in shopping mall and in Toledo public market. She pays transportation for she does not have her own vehicle to use. Her average daily income in the store is 3,500 pesos (£53.21).
In April 2019, Lucia decided to become a member of the MFI-Lamac. She already repaid four previous loans that helped her finance her business. Lucia said that the loans she received really helped her business to improve to what it is now. She now offer more items to her customers compared to before she had sought a loan. Recently, she applied for another loan in order to have additional funds to restock her store. She will buy volume of animal feeds, rice, corn, sodas, grocery times and more. Lucia will continue running her business and find more ways to earn more income in order for her to have the means to cover their living expenses. She promise to repay the loan over the period of six 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: 1 February 2021
Lucia's loan repayment schedule
| Date | Expected repayments | Actual repayments |
|---|---|---|
| £106.14 | ||
| £176.89 | ||
| £176.89 | ||
| £176.89 | ||
| £176.89 |
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.
