Ben - Sells Coal on the Street.

These are photos of Ben repackaging coal to sell and his home.

Hi Steve,

I have here the information regarding our 2nd Micro Financing Applicant. His name was Benjamin. He cannot remember his date of birth and even his age, his alone leaving in a warehouse and selling charcoal his only means for a living. His married, no children because of desease (i think it's mans testicle desease), his wife passed away 15 years ago.

Everyday he buy charcoal, repacked and sell. He earned a net income of Ph46.00 to ph50.00 /day ($.63 - $1.06).

I attached some of pictures taken from his warehouse where same he lives.

rodel

Rodel then wrote me with more info and a solution;

WHAT HELP NEEDED?
· Additional capital for him to meet the minimum buying requirement to get high discount of at least 20% per sack of charcoal.
· Selling repacked rice. (This way will boost his income by 200%) and i will be the one to deal with the Charcoal and Rice distributor so that they would give consideration and oppurtinity for Micro Business owner like Ben, our MF applicant.
ESTIMATED CAPITAL FOR FUNDING

Description Retail Amount Est. Net Income

2 Sacks of charcoal Ph 230.00 ($4.89) Ph 46.00 ($.97) / day (50 packs sold)
1 Sack of Rice Ph 1,200.00 ($25.53) Ph 150.00 ($3.19) / day (50 Kilos sold)

Others Amount

Weighing Scale Ph 1,300.00 ($27.65)

Total Amount to lend Ph 2,730.00 ($58.00)

Rodel