David

David is 54 years old and lives with his family in the Philippines. He and his wife have been dedicated to their progressive general store business since launching it in 2000.

Today, they operate two stores that have enabled them to support their three children, particularly in funding their education. Their eldest child has graduated from college and is now employed, while their other two children are currently attending college.

David primarily manages their first store, located in the village where they live, while his wife oversees the second store in another village within the same town. Both locations are owned outright, so they avoid rental costs. The second store is larger, featuring a self-service layout where customers can browse and select their items. This store also employs three full-time workers who assist with daily operations. The business offers both retail and wholesale pricing on a range of products, including snacks, powdered beverages, condiments, and more.

To keep prices competitive, they purchase stock in bulk from delivery trucks, securing discounts that allow them to pass on savings to their customers. With the return of school sessions, demand for their products has surged, prompting David to take out a larger loan to bolster their inventory of fast-selling items such as chips, biscuits, and other goods. He plans to repay the loan in three monthly installments.

David and his wife are committed to keeping their shelves fully stocked to ensure customer satisfaction and loyalty. They are equally focused on maintaining strong business ethics to foster growth and attract more customers in the future. To invest in the businesses, David requested a loan to purchase a large quantity of stock, focussing on best-selling items like chips, biscuits, and other convenience products.