Gloria Abad


Status: Paid Back

$125.00   Loan Request
$125.00   Paid Back

About the Entrepreneur

Name: Gloria Abad
Location: San Jose Norte 1 Mallig, Isabela, Philippines
Activity: General Store

About the Loan

Loan Amount: $125.00
Loan Use: Business Capital
Repayment Term: 7 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 20, 2009
Date Disbursed: May 21, 2009
Date Funded:Jun 20, 2009
Loan Ended:Nov 15, 2009

About the Country

Country:Philippines
Avg Annual Income:$1,175.00
Currency:Philippines Pesos (PHP)
Exchange Rate:48.5791 PHP = 1 USD



Gloria Abad operates a general store in her village at Barangay San Jose Norte 1 in Mallig, Isabela. Her daily income in the business allows her to finance the needs of her family, especially for the education of her children. She was blessed with two children. Gloria shared that her eldest child already is studying in college and that really turns her on to work harder because sending her child to college is very costly.

Gloria is requesting from KIVA the amount of PHP5,000 as additional business capital for her store. This will allow her to improve her business and earn a higher income to fulfill her family needs and support the education of her children. Gloria serves as both a mother and father to her children. It is really hard, she said and she really is bringing out her best to become a successful parent to them. She hopes that KIVA will be her very good partner in fulfilling all her goals in life.




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Journal entries for Gloria Abad


Loan has been disbursed
 
Entrepreneur: Gloria Abad
Location: San Jose Norte 1 Mallig, Isabela, Philippines

Thank you for your loan. It has been disbursed to Gloria Abad 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 San Jose Norte 1 Mallig, Isabela, Philippines
Jun 21, 2009
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Business income helps children in their studies
 
Entrepreneur: Gloria Abad
Location: San Jose Norte 1 Mallig, Isabela, Philippines

Gloria is glad that her income increases through the support of the KIVA lenders in her business. When she received the loan, she was able to purchased different grocery items for her store. She also utilized some of the loan to pay the tuition fees of her children. She uses her daily business income now in supporting her children allowances in school.


Posted by Kristine Victoria from San Jose Norte 1 Mallig, Isabela, Philippines
Sep 21, 2009
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Kiva Help Repayment Schedule for Gloria Abad

  Expected Repayments Actual Repayments Comments
August 2009 $31.32 $31.33 Repayment Received
September 2009 $26.10 $26.09 Repayment Received
October 2009 $20.88 $20.88 Repayment Received
November 2009 $20.88 $20.88 Repayment Received
December 2009 $25.82 $25.82 Repayment Received