Portacia Bienes
Status: Paying Back
| $150.00 | Loan Amount |
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96% repaid
About the Entrepreneur
| Name: | Portacia Bienes |
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| Location: | Duanguican,tudela,misamis Occidental, Philippines |
| Activity: | General Store |
About the Loan
| Loan Amount: | $150.00 |
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| Loan Use: | To purchase additional inventory |
| Repayment Term: | 8 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Jun 1, 2009 |
| Date Disbursed: | May 19, 2009 |
| Date Funded: | Jun 2, 2009 |
About the Field Partner
About the Field Partner
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| Field Partner: | Paglaum Multi-Purpose Cooperative (PMPC) |
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| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 12 months |
| Kiva Entrepreneurs: | 2612 |
| Total Loans: | $657,475 |
| Delinquency Rate: | 0.37% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Philippines |
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| Avg Annual Income: | $1,175.00 |
| Currency: | Philippines Pesos (PHP) |
| Exchange Rate: | 47.2165 PHP = 1 USD |
Portacia Bienes is from the village of Duanguincan, Tudela, Misamis Occidental. She is 48 years old, widowed, and has three adult children. Portacia owns and operates a general store where she sells food and daily-use products. Portacia has been engaged in this business for over 10 years and earns approximately 1,000 PHP a month.
In 2007, Portacia joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Portacia has successfully repaid a previous loan of 6,000 PHP from PMPC. She used this previous loan to purchase additional inventory. Portacia is requesting a new loan of 6,000 PHP that she will use as additional capital to purchase more inventory. This loan will be her third loan from PMPC. She plans to use the additional revenue generated from the business to financially support the immediate members of her family.
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 Field Partners to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.
In 2007, Portacia joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Portacia has successfully repaid a previous loan of 6,000 PHP from PMPC. She used this previous loan to purchase additional inventory. Portacia is requesting a new loan of 6,000 PHP that she will use as additional capital to purchase more inventory. This loan will be her third loan from PMPC. She plans to use the additional revenue generated from the business to financially support the immediate members of her family.
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 Field Partners 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 Portacia Bienes
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Loan has been disbursed
Location: Duanguican,tudela,misamis Occidental, Philippines
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Posted by
from Duanguican,tudela,misamis Occidental, Philippines
Jun 3, 2009 |
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Comment on this entry
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Portacia Bienes
Location: Duanguican,tudela,misamis Occidental, Philippines
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Posted by
Carmen Alegrado from Duanguican,tudela,misamis Occidental, Philippines
Sep 23, 2009 |
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Comment on this entry
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Repayment Schedule for Portacia Bienes
Repayment Schedule for Portacia Bienes
| Expected Repayments | Actual Repayments | Comments | |||
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| August 2009 | $36.00 | $36.00 |  Repayment Received
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| September 2009 | $30.00 | $30.00 | Repayment Received
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| October 2009 | $24.00 | $24.00 | Repayment Received
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| November 2009 | $30.00 | $30.00 | Repayment Received
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| December 2009 | $24.00 | $24.00 | Repayment Received
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| January 2010 | $6.00 | Available Jan 1 | |||
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