Presentacion Abdon


Status: Paying Back - Delinquent

$125.00   Loan Amount
67% repaid

About the Entrepreneur

Name: Presentacion Abdon
Location: Bobongan, Ramon Magsaysay, Zamboanga Del Sur, Philippines
Activity: Manufacturing

About the Loan

Loan Amount: $125.00
Loan Use: To purchase raw materials in order to manufacture additional products
Repayment Term: 7 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: May 25, 2009
Date Disbursed: May 6, 2009
Date Funded:May 25, 2009

About the Country

Country:Philippines
Avg Annual Income:$1,175.00
Currency:Philippines Pesos (PHP)
Exchange Rate:46.7617 PHP = 1 USD



Presentacion Abdon is from the village of Bobongan, Ramon Magsaysay, Zamboanga del Sur. She is 53 years old. Presentacion is married and has three school-aged children. To make a living, Presentacion owns and operates a business venture selling "sawali," or woven bamboo wall products, to local businesses and community members. Presentacion has been engaged in her business for over 20 years and earns approximately 3,000 PHP a month from these activities.


In 2009, Presentacion joined GDMPC to gain access to financial services. Her goal was to help improve her living situation and increase her ability to engage in business activities. Presentacion is requesting a loan of 5,000 PHP, which will be used to purchase raw materials to manufacture additional products. This will be the first loan taken out by Presentacion from GDMPC. She plans to use the additional revenue generated from the business to pay the tuition fees of her children.


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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Journal entries for Presentacion Abdon


Loan has been disbursed
 
Entrepreneur: Presentacion Abdon
Location: Bobongan, Ramon Magsaysay, Zamboanga Del Sur, Philippines

Thank you for your loan. It has been disbursed to Presentacion Abdon 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 Bobongan, Ramon Magsaysay, Zamboanga Del Sur, Philippines
May 26, 2009
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Abdon Presentacion
 
Entrepreneur: Presentacion Abdon
Location: Bobongan, Ramon Magsaysay, Zamboanga Del Sur, Philippines

Presentacion Abdon was able to purchase additional raw materials for her bussiness which is making bamboo wooden wall.


Posted by Sharon Lacierda from Bobongan, Ramon Magsaysay, Zamboanga Del Sur, Philippines
Jun 30, 2009
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Presentacion update
 
Entrepreneur: Presentacion Abdon
Location: Bobongan, Ramon Magsaysay, Zamboanga Del Sur, Philippines

Presentacion Abdon, was very much thankful at Gata Daku MPC and to Kiva funders because through her loan, she was able to purchase additional raw materials for her Bamboo Wooden wall business,since then, her business keeps on improving. Thanks to Kiva Funders.


Posted by Sharon Lacierda from Bobongan, Ramon Magsaysay, Zamboanga Del Sur, Philippines
Aug 9, 2009
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Kiva Help Repayment Schedule for Presentacion Abdon

  Expected Repayments Actual Repayments Comments
July 2009 $19.24 $19.24 Repayment Received
August 2009 $19.24 $8.14 Repayment Received
September 2009 $24.05 $31.35 Repayment Received
October 2009 $19.24 $26.13 Repayment Received
November 2009 $19.24 $0.00 Delinquent
December 2009 $23.99 Available Dec 1