Mildred

Mildred is a 45 year old widow with three children. Her eldest child is now in employment, the middle child is in the third year of college and the youngest is in 10th grade at school. Mildred has her own school supplies store which is close to the local school. Seven years ago Mildred entered a new relationship with Manolito whose regular employment is as a company driver but he also supplements this income by using his own motorcycle for additional work in his spare time.

Mildred has her own school supplies store which has the advantage of being next to the local school. The store started by selling cell-phone and school accessories but over time Mildred has expanded and built up this business with substantial diversification. An earlier loan from LendWithCare enabled her to purchase a photocopier that is of great benefit to the students in their projects and other copying needs while providing a good income for Mildred. She also has strong sales in prepaid loads and GCash cash-ins and cash-outs. More recently she has started selling prepacked, affordable dishes such as dhanghai rolls, pancit bihon, fried hotdogs, chorizo, and other easy-to-cook dishes. since classes have resumed. At present her average daily sales exceed 2,000 pesos (around £29).

Mildred has applied for this substantial 12 month loan so that she and her son can be assured that they have the funds to pay for her son’s 3rd year college fees at the private school in full and in advance. This will reduce stress and the risk of disqualification due to late fee payment. The cost of his tuition fees is 40,000 Pesos (approx. £576). The balance of the loan will be used to purchase bond paper for the photocopier as well as stocking up on ingredients for her school meals sales.

Mildred is highly committed to supporting her family, and in turn this means that she is dedicated to her business.