Novelito

Novelito is a 42 year old single man who lives with his parents in Cebu province. He started his business of a general store about 15 years ago but then for a period worked overseas as a government employee before returning home. During his absence the store was run by his mother but now he has taken full control of the store himself.

Novelito runs a general store in premises owned by his mother so he has the advantage that he does not have to pay rent. The store opens at around 6 a.m. each day and closes at 8 p.m. His store offers a variety of products and services, including a Wi-Fi machine, GCash cash-in and cash-out services, frozen foods, school supplies, and other essentials for students. Saturdays are reserved as Novelito’s rest days., and then the store is reopened on Sunday morning after stock replenishment from the city.

Novelito applied for this loan to purchase both a wider range of products for his general store along with increased stock levels of fast-moving items. This should attract more customers, increase sales, and secure a steady source of income to support his family. He is confident that, with the support of this loan, he can further strengthen his business and ensure its continued growth.