Chona Ondin


Status: Paying Back

$225.00   Loan Amount
77% repaid

About the Entrepreneur

Name: Chona Ondin
Location: Danao, Plaridel, Misamis Occidental, Philippines
Activity: Fishing

About the Loan

Loan Amount: $225.00
Loan Use: to purchase a fishing boat
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 16, 2009
Date Disbursed: Jun 10, 2009
Date Funded:Jun 16, 2009

About the Country

Country:Philippines
Avg Annual Income:$1,175.00
Currency:Philippines Pesos (PHP)
Exchange Rate:47.3821 PHP = 1 USD



Chona Ondin is from the village of Danao. She is 46 years old. Chona is married. To make a living, Chona owns and operates a fishing business. While not the only means for generating revenue, the main source of income for the business comes from harvesting and selling ocean-caught fish in the local community. Chona has been engaged in her business for over 10 years and earns approximately 3,000 PHP a month for these activities.



In 2008, Chona joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Chona has successfully repaid a previous loan of 7,000 PHP from PMPC. Chona is requesting a new loan of 10,000 PHP which will be used to purchase a fishing boat. This will be the 2nd loan taken out by Chona 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 Chona Ondin


Loan has been disbursed
 
Entrepreneur: Chona Ondin
Location: Danao, Plaridel, Misamis Occidental, Philippines

Thank you for your loan. It has been disbursed to Chona Ondin by Paglaum Multi-Purpose Cooperative (PMPC) in Philippines. We are excited to watch this business grow. Over the 6 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 Danao, Plaridel, Misamis Occidental, Philippines
Jun 17, 2009
Comment on this entry

Chona Ondin
 
Entrepreneur: Chona Ondin
Location: Danao, Plaridel, Misamis Occidental, Philippines

I can feel the joy of my entire family for having owned a fishing boat. We have more fish to deliver in the market and more income in my wallet. Thank you very much kiva lenders for funding Paglaum MPC.


Posted by Carmen Alegrado from Danao, Plaridel, Misamis Occidental, Philippines
Sep 25, 2009
Comment on this entry

Kiva Help Repayment Schedule for Chona Ondin

  Expected Repayments Actual Repayments Comments
August 2009 $24.99 $27.00 Repayment Received
September 2009 $41.65 $45.00 Repayment Received
October 2009 $33.32 $27.96 Repayment Received
November 2009 $33.32 $44.00 Repayment Received
December 2009 $41.65 $30.97 Repayment Received
January 2010 $33.32 Available Jan 1  
February 2010 $16.66 Available Feb 1