Lolita Roque

Status: Paid Back

$175.00		Loan Request
$175.00		Paid Back

About the Entrepreneur

Name:	Lolita Roque
Location:	Maikay,tudela,misamis Occidental, Philippines
Activity:	General Store

About the Loan

Loan Amount:	$175.00
Loan Use:	To purchase additional inventory
Repayment Term:	7 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Jun 1, 2009
Date Disbursed:	May 14, 2009
Date Funded:	Jun 2, 2009
Loan Ended:	Oct 15, 2009

About the Field Partner

Field Partner:

Paglaum Multi-Purpose Cooperative (PMPC)

Field Partner Risk Rating:

(Learn more)

Active

12 months

2624

$662,300

0.37%

0.00%

Currency Exchange Loss Rate:

0.00%

About the Country

Country:	Philippines
Avg Annual Income:	$1,175.00
Currency:	Philippines Pesos (PHP)
Exchange Rate:	47.2165 PHP = 1 USD

Lolita Roque is from the village of Maikay in Tudela, Misamis Occidental, Philippines. She is 31 years old. Lolita is single. To make a living, Lolita owns and operates a general store where she sells daily-use products, such as shampoo, soap and toothpaste, in the local community. Lolita has just started this business.

In 2008, Lolita joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Lolita has successfully repaid a previous loan of 6,000 PHP from PMPC. This previous loan was used to to purchase additional inventory and serve as working capital. Lolita is requesting a new loan of 8000 PHP that she will use to purchase additional inventory and use as working capital. This loan will be the second loan that Lolita has taken from PMPC. She plans to use the additional revenue generated from the business to improve/expand her business.

About PMPC:

Paglaum Multi-Purpose Cooperative (PMPC is one of the most progressive cooperatives in northwestern Mindanao. It reaches out to the rural poor using the Grameen model.

*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 Lolita Roque

Loan has been disbursed Entrepreneur: Lolita Roque Location: Maikay,tudela,misamis Occidental, Philippines Thank you for your loan. It has been disbursed to Lolita Roque 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 Maikay,tudela,misamis Occidental, Philippines Jun 3, 2009
Comment on this entry

LUC Lolita Roque Entrepreneur: Lolita Roque Location: Maikay,tudela,misamis Occidental, Philippines Mabuhay... ! Thank you for being so kindhearted to me. You have given me the chance to hope always. That there are people like KIVA people, willing to help those who help themselves May you continue to do good for other people like me. Don’t be tired to share your blessings especially to the needy ones.
Posted by Annabelle Namocatcat from Maikay,tudela,misamis Occidental, Philippines Aug 26, 2009
Comment on this entry

Repayment Schedule for Lolita Roque

Show Advanced

	Expected Repayments	Actual Repayments	Comments
August 2009	$49.00	$49.00	Repayment Received
September 2009	$35.00	$35.05	Repayment Received
October 2009	$28.00	$27.95	Repayment Received
November 2009	$28.00	$63.00	Repayment Received
December 2009	$35.00	Available Dec 1	Repayment Received