Marychel Macahis


Status: Paid Back

$150.00   Loan Request
$150.00   Paid Back

About the Entrepreneur

Name: Marychel Macahis
Location: Oroquieta City, Misamis Occidental, Philippines
Activity: General Store

About the Loan

Loan Amount: $150.00
Loan Use: To buy various goods and electronic loads to sell
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Apr 8, 2009
Date Disbursed: Mar 31, 2009
Date Funded:Apr 8, 2009
Loan Ended:Oct 15, 2009

About the Country

Country:Philippines
Avg Annual Income:$1,175.00
Currency:Philippines Pesos (PHP)
Exchange Rate:47.8011 PHP = 1 USD



'Young entrepreneur' best describes Mrs. Marychel Macahis, a 23-year-old who is married and lives in Talic, Oroquieta City. Her husband is an auto mechanic. At her age, she was able to find various ways of making a living. She opened a sari-sari store to be able to cope with the daily expenses of her family. She also joined the Paglaum Multi-Purpose Cooperative to avail loans to start up her sari-sari store. Because of the Paglaum MPC loan program, Mrs. Macahis hopes that this could be a chance for her to enhance and expand her business so that she can meet the basic needs of her children who are now schooling.
Today, she is applying for a 7,000 PHP loan to buy additional goods and electronic loads to sell in her sari-sari store.



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Lenders to this entrepreneur

Stone Road
Toronto, Ontario
Canada

Paul
Highbury, London
United Kingdom

Renny
King of Prussia, PA
United States

Indy
Santa Clara, CA
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Amy
Garland, TX
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Journal entries for Marychel Macahis


Loan has been disbursed
 
Entrepreneur: Marychel Macahis
Location: Oroquieta City, Misamis Occidental, Philippines

Thank you for your loan. It has been disbursed to Marychel Macahis by Paglaum Multi-Purpose Cooperative (PMPC) in Philippines. We are excited to watch this business grow. Over the 5 months of this loan, Paglaum Multi-Purpose Cooperative (PMPC) will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Oroquieta City, Misamis Occidental, Philippines
Apr 9, 2009
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update for Marychel Macahis
 
Entrepreneur: Marychel Macahis
Location: Oroquieta City, Misamis Occidental, Philippines

Marychel Macahis was able to buy load wallet of Smart & Globe for celphone auto loading. With this , she will be able to generate additional income aside from the goods she displayed on her "sari-sari" (general) store business...

Thank you very much for the support of KIVA lenders..

Godbless you all.


Posted by Florinda Agan from Oroquieta City, Misamis Occidental, Philippines
May 26, 2009
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Kiva Help Repayment Schedule for Marychel Macahis

  Expected Repayments Actual Repayments Comments
June 2009 $24.00 $23.96 Repayment Received
July 2009 $24.00 $24.00 Repayment Received
August 2009 $24.00 $24.00 Repayment Received
September 2009 $30.00 $36.85 Repayment Received
October 2009 $24.00 $23.96 Repayment Received
November 2009 $24.00 $17.23 Repayment Received