Location: La Libertad, Zamboanga del Norte, Philippines
Sector:Food Activity:Grocery Store
Loan Use:Working capital for store
Repayment Term:20 months
To make a living, Ramonito runs a grocery store selling household items. He is from the village of Poblacion, Lalibertad. Ramonito is 40 years old, married and blessed with two school-aged children.
In 2009, Ramonito joined PMPC to gain access to financial services to help improve his living situation and ability to engage in business activities. Ramonito has successfully repaid a previous loan of 7,000 PHP from PMPC. This previous loan was used to purchase new stocks. Ramonito is requesting a new loan of 50,000 PHP, which will be used as working capital for his business. This loan will be the 4th loan taken out by Ramonito from PMPC.
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$1175
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Philippines Pesos (PHP)
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44.2922 PHP = 1 USD