Josefina Batang


Status: Paid Back

$325.00   Loan Request
$325.00   Paid Back

About the Entrepreneur

Name: Josefina Batang
Location: Tuguegarao City, Cagayan, Philippines
Activity: Food Market

About the Loan

Loan Amount: $325.00
Loan Use: To purchase more goods to sell
Repayment Term: 7 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Apr 16, 2009
Date Disbursed: Mar 20, 2009
Date Funded:Apr 16, 2009
Loan Ended:Sep 15, 2009

About the Country

Country:Philippines
Avg Annual Income:$1,175.00
Currency:Philippines Pesos (PHP)
Exchange Rate:47.1054 PHP = 1 USD



Josefina is 54 years old and already a widow. She and her husband had six children. Two of them are already married and living in their own houses while the other two are working as security guards in Macau. Her two younger children are still studying and through her business, she was able to support their studies. They are living in Barangay Andarayan South in Solana, Cagayan.

Josefina is a vendor in her village. She sells different vegetables and fish in the neighborhood. She is now requesting a loan amount of PHP 15,000.00 in order to purchase more goods that she can sell and for her to maintain and improve her enterprise. She is thankful that some of her children assist her financially in sending her children to school. She hopes that they will both earn a college degree. She is also hoping for the approval of her loan request for it helps her not only in business but also in sustaining her children’s education.




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Journal entries for Josefina Batang


Loan has been disbursed
 
Entrepreneur: Josefina Batang
Location: Tuguegarao City, Cagayan, Philippines

Thank you for your loan. It has been disbursed to Josefina Batang by Alalay sa Kaunlaran, Inc. (ASKI) in Philippines. We are excited to watch this business grow. Over the 5 months of this loan, Alalay sa Kaunlaran, Inc. (ASKI) will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Tuguegarao City, Cagayan, Philippines
Apr 17, 2009
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Vending business grows
 
Entrepreneur: Josefina Batang
Location: Tuguegarao City, Cagayan, Philippines

Josephine is thankful to the KIVA lenders who supported her vending business financially. She invested her loan as additional capital for her business and purchased different kinds of fruits and vegetables that she sells in retail price. Some of her products are coconut, sweet potato, papaya and avocado. With the financial assistance that she received, her income has increased.


Posted by Kristine Victoria from Tuguegarao City, Cagayan, Philippines
Oct 13, 2009
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Kiva Help Repayment Schedule for Josefina Batang

  Expected Repayments Actual Repayments Comments
June 2009 $81.24 $81.24 Repayment Received
July 2009 $54.16 $54.16 Repayment Received
August 2009 $67.70 $67.70 Repayment Received
September 2009 $54.16 $54.16 Repayment Received
October 2009 $67.74 $67.74 Repayment Received