Marionito Abesia


Status: Paying Back

$225.00   Loan Amount
86% repaid

About the Entrepreneur

Name: Marionito Abesia
Location: Clarin, Misamis Occidental, Philippines
Activity: Home Products Sales

About the Loan

Loan Amount: $225.00
Loan Use: To purchase additional inventory and to use as working capital
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: May 20, 2009
Date Disbursed: May 13, 2009
Date Funded:May 20, 2009

About the Country

Country:Philippines
Avg Annual Income:$1,175.00
Currency:Philippines Pesos (PHP)
Exchange Rate:47.0367 PHP = 1 USD



Marionito Abesia is from the village of Kinangay Sur, Clarin, Misamis Occidental. He is 37 years old. Marionito is married and has 2 school-aged children. To make a living, Marionito owns & operates a business selling "tuba" or coconut wine. The main source of income for the business comes from selling personal home products to tourists and local community members. Marionito has been engaged in his business for over 3 years and earns approximately 8,000 PHP a month for these activities.

In 2009, Marionito joined GDMPC to gain access to financial services to help improve his living situation and ability to engage in business activities. Marionito is requesting a new loan of 10000 PHP which will be used as working capital. This loan will be the first loan taken out by Marionito from GDMPC. He plans to use the additional revenue generated from the business to improve/expand his busines.

About GDMPC:

GDMPC is one of the most progressive cooperatives in Mindanao, Philippines.

*Note: To maximize efficiency and reduce costs, this loan was posted using a template to automate the translation by Kiva. Given that manual translation of entrepreneur profiles is costly, Kiva created this template for our Field Partner to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.

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Kim
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Journal entries for Marionito Abesia


Loan has been disbursed
 
Entrepreneur: Marionito Abesia
Location: Clarin, Misamis Occidental, Philippines

Thank you for your loan. It has been disbursed to Marionito Abesia by Gata Daku Multi-purpose Cooperative in Philippines. We are excited to watch this business grow. Over the 5 months of this loan, Gata Daku Multi-purpose Cooperative will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Clarin, Misamis Occidental, Philippines
May 21, 2009
Comment on this entry

repair
 
Entrepreneur: Marionito Abesia
Location: Clarin, Misamis Occidental, Philippines

He able to purchased spareparts needed to his motorcycle for more convenient to his passengers


Posted by Angie Pascual from Clarin, Misamis Occidental, Philippines
Jun 4, 2009
Comment on this entry

new update
 
Entrepreneur: Marionito Abesia
Location: Clarin, Misamis Occidental, Philippines

Mr. MArionito Abesia is very busy now because after the release of the loan from Gata Daku Multi-Purpose Cooperative and Kiva funders he operate his vehicle smoothly and now he can sustain the daily needs of his family and he able to save now.


Posted by Angie Pascual from Clarin, Misamis Occidental, Philippines
Jul 7, 2009
Comment on this entry

Kiva Help Repayment Schedule for Marionito Abesia

  Expected Repayments Actual Repayments Comments
July 2009 $25.95 $25.95 Repayment Received
August 2009 $34.60 $34.60 Repayment Received
September 2009 $43.25 $54.17 Repayment Received
October 2009 $34.60 $41.40 Repayment Received
November 2009 $34.60 $38.14 Repayment Received
December 2009 $43.25 Available Dec 1  
January 2010 $8.75 Available Jan 1