A Loan for Hog
By Julian Tan | August 13th 2024
Many loans are taken out for many varied reasons. Some of them could be for repaying debts, others could be for repairing houses. Petitecredit granted a loan which was taken out by borrower to start a retail store while also being used as starting capital to raise hogs. The borrower which had requested for the loan had told us at the time, her husband had a job in poultry but unfortunately his salary was not enough. Therefore, to combat this problem, they began raising pigs as a means of income. But at that time, they had three small piglets and due to the irregular source of income, they had difficulty buying food for their animals.
It was then, the borrower asked for a 25,000 Pesos loan which they would split into 15,000 for the raising of the pigs and then use the other 10,000 pesos for their retail store. Petitecredit wishes the borrower and their family much success in their entrepreneurial endeavours to seek a better and more sustainable livelihood.
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