October 17, 2023
Philippines
A loan of PHP 50.000 helps to set up a food business
Country: Philippines
Sector: RESTAURANT
Joana’s Vivian’s story
Vivian is 38 years old and lives in the town of Makindye in the Makindye region of Uganda. She is married and has 2 children, with 1 of them currently in school. For the past 6 years, Vivian has been working hard to manage her restaurant, which sells cooked food and soft drinks .
About the investment
To help expand her business, Vivian has requested a loan of PHP 50.000 Philippines Pesos from Spreadwings. The loan will be used to buy more fresh varieties of food, like flour and other ingredients to cook for selling. This will help Vivian to generate greater profits and improve on her family’s standard of living by providing them with enough food, and also cover some basic needs for her family.
Impact
Vivian hopes that in the future, she will be able to buy a plot of land, build a house of her own, and expand her restaurant business.
Loan details
Loan length |
6 months |
Repayment schedule |
Monthly |
Disbursed date |
15-10-2023 |
Type of borrower |
First borrower |
Currency loss? |
No |
Is borrower paying interest? |
Yes |