Leynie Asuncion

Status: Paid Back

$125	Loan Request Pre-Disbursed : May 15, 2009 Listed: May 29, 2009 Funded: May 29, 2009
$125	Paid Back Ended: Nov 15, 2009

About the Field Partner

Alalay sa Kaunlaran, Inc. (ASKI) administers this loan. Learn more

Field Partner:

Alalay sa Kaunlaran, Inc. (ASKI)

Field Partner Risk Rating:

(Learn more)

Fundraising Status:

Active

Time on Kiva:

14 months

Kiva Entrepreneurs:

4732

Total Loans:

$928,200

Interest & Fees are Charged:

Yes (Learn more)

Portfolio Yield:	50%
Profitability (Return on Assets):	1%
Average Loan Size (% of Per Capita Income):	13%

Delinquency Rate:

0.00%

Default Rate:

0.00%

Currency Exchange Loss Rate:

0.00%

About the Country

Country:	Philippines
Avg Annual Income:	$1175
Currency:	Philippines Pesos (PHP)
Exchange Rate:	47.2925 PHP = 1 USD

About the Loan

Location:	Cabaruan, Naguilian, Isabela, Philippines	Repayment Term:	7 months (more info)
Activity:	General Store	Repayment Schedule:	Monthly
Loan Use:	To add things to her store and expand her business	Currency Exchange Loss:	Covered
		Default Protection:	Covered

Leynie lives in the village of Cabaruan, Naguilian, Isabela. She is 22 years old and married to Edgar Asuncion who is 23 years old and employed as a restaurant cook. The couple is already blessed with one child, baby Shayna who is 2 months old.

Leynie has seen her neighbor’s success with a Kiva loan and thinks that she too can use one to her advantage. She is requesting to borrow PHP 5,000. She believes that through the loan she can add things to her store that will help her expand her business.

She started her store two years ago because she wanted to be able to have a higher income for their child and future children. She also wanted her business to expand into other services such retailing cell phone minutes. At the moment, Leynie’s family lives with her parents since they don’t yet have enough savings to build their own house.

Lenders to this entrepreneur

Vickie
paola, KS
United States

Timothy
Cherry Hill, NJ
United States

harman
Richmond Heights, MO
United States

Journal entries for Leynie Asuncion

Loan has been disbursed Entrepreneur: Leynie Asuncion Location: Cabaruan, Naguilian, Isabela, Philippines Thank you for your loan. It has been disbursed to Leynie Asuncion 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 Cabaruan, Naguilian, Isabela, Philippines May 30, 2009
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Growing store expanded for load retailing Entrepreneur: Leynie Asuncion Location: Cabaruan, Naguilian, Isabela, Philippines Leynie stated that the loan given to her enabled her to purchase more groceries for her store. She is hoping to improve it more through future financial assistance as well. Because of the loan, she now has electronic cell phone load retailing business as well. This is a very good business in her village and it has been providing much needed extra income. ************************************************************ About ASKI: ASKI’s Vision: A God-centered, model microfinance organization committed to serving the needy in Luzon through socio-economic development and holistic transformation. To see ASKI borrowers who are currently fund raising on Kiva click Here To read more about ASKI visit their partner profile page Here Support ASKI and their staff and join the ASKI lending team Here
Posted by Drew Loizeaux from Cabaruan, Naguilian, Isabela, Philippines Jun 29, 2009
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Repayment Schedule for Leynie Asuncion

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	Expected Repayments	Actual Repayments	Comments
July 2009	$10.44	$10.46	Repayment Received
August 2009	$26.10	$26.15	Repayment Received
September 2009	$20.88	$20.92	Repayment Received
October 2009	$26.10	$25.99	Repayment Received
November 2009	$20.88	$20.88	Repayment Received
December 2009	$20.60	$20.60	Repayment Received