Elisa Bagayas


Status: Paying Back

$525.00   Loan Amount
33% repaid

About the Entrepreneur

Name: Elisa Bagayas
Location: Oroquieta City, Misamis Occidental, Philippines
Activity: General Store

About the Loan

Loan Amount: $525.00
Loan Use: To purchase additional inventory and for working capital
Repayment Term: 15 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 18, 2009
Date Disbursed: May 31, 2009
Date Funded:Jun 22, 2009

About the Country

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



Elisa Bagayas is 61 years old. She is married and has one adult child. She is from Oroquieta City. Elisa owns and operates a sari-sari store selling a variety of different products in her community. Elisa has been in this business for over 13 years and earns approximately 8,000 PHP a month.


In 2007, Elisa joined PMPC to gain access to financial services to help improve her living conditions and enable her to engage in business activities. She has successfully repaid a previous loan from PMPC. Elisa is now requesting a loan of 25,000 PHP which will be used to purchase additional inventory and for working capital. This will be her third loan from PMPC. She plans to use the additional revenue to improve and 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 Elisa Bagayas


Loan has been disbursed
 
Entrepreneur: Elisa Bagayas
Location: Oroquieta City, Misamis Occidental, Philippines

Thank you for your loan. It has been disbursed to Elisa Bagayas by Paglaum Multi-Purpose Cooperative (PMPC) in Philippines. We are excited to watch this business grow. Over the 12 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 Oroquieta City, Misamis Occidental, Philippines
Jun 23, 2009
Comments (2)

update for Elisa Bagayas
 
Entrepreneur: Elisa Bagayas
Location: Oroquieta City, Misamis Occidental, Philippines

Elisa was able to buy additional stocks like canned goods, cases of softdrinks, candies, etc. She was able also to support the daily needs of her family with the help of her sari-sari store business income.

In behalf of her family, she would like to thank all the people behind KIVA. Thank you for supporting her.

Godbless .


Posted by Florinda Agan from Oroquieta City, Misamis Occidental, Philippines
Aug 25, 2009
Comments (2)

Kiva Help Repayment Schedule for Elisa Bagayas

  Expected Repayments Actual Repayments Comments
September 2009 $43.75 $43.75 Repayment Received
October 2009 $43.75 $43.75 Repayment Received
November 2009 $43.75 $87.49 Repayment Received
December 2009 $43.75 Available Dec 1 Repayment Received
January 2010 $43.75 Available Jan 1  
February 2010 $43.75 Available Feb 1  
March 2010 $43.75 Available Mar 1  
April 2010 $43.75 Available Apr 1  
May 2010 $43.75 Available May 1  
June 2010 $43.75 Available Jun 1  
July 2010 $43.75 Available Jul 1  
August 2010 $43.75 Available Aug 1