Prescila Alvarez


Status: Paid Back

$525.00   Loan Request
$525.00   Paid Back

About the Entrepreneur

Name: Prescila Alvarez
Location: Minante 2, Cauayan City, Philippines
Activity: Food Market

About the Loan

Loan Amount: $525.00
Loan Use: Business Capital
Repayment Term: 7 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 18, 2009
Date Disbursed: May 20, 2009
Date Funded:Jun 19, 2009
Loan Ended:Nov 15, 2009

About the Country

Country:Philippines
Avg Annual Income:$1,175.00
Currency:Philippines Pesos (PHP)
Exchange Rate:47.8246 PHP = 1 USD



Prescila, 48, is married to Fortunato and they have two children: Fortunato Jr. (26 years old, and a medical representative) and Jonalyn (22 years old, single, and a recent college graduate. Prescila's husband works part-time as a laborer in their rural village where farming is their major source of income.

Prescila has managed a small sari-sari store (typical village store) for seven years now. She earns around PHP 1000 weekly from the business. Prescila is requesting a loan of PHP 25,000 to purchase a variety of goods like sardines, soft drinks, milk, biscuits, bread, and other basic commodities which are commonly consumed by most residents in her community. Prescila also wants her business to grow and expand into a fish and vegetable vending business.




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Journal entries for Prescila Alvarez


Loan has been disbursed
 
Entrepreneur: Prescila Alvarez
Location: Minante 2, Cauayan City, Philippines

Thank you for your loan. It has been disbursed to Prescila Alvarez 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 Minante 2, Cauayan City, Philippines
Jun 20, 2009
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Kiva Help Repayment Schedule for Prescila Alvarez

  Expected Repayments Actual Repayments Comments
August 2009 $131.28 $131.29 Repayment Received
September 2009 $109.40 $109.39 Repayment Received
October 2009 $87.52 $87.52 Repayment Received
November 2009 $87.52 $87.52 Repayment Received
December 2009 $109.28 $109.28 Repayment Received