Catalino Masiglat


Status: Paid Back

$600.00   Loan Request
$600.00   Paid Back

About the Entrepreneur

Name: Catalino Masiglat
Location: San Vicente Angadanan,isabela, Philippines
Activity: Farming

About the Loan

Loan Amount: $600.00
Loan Use: To use as business capital
Repayment Term: 7 months - View details below
Lenders Repaid: At end of term
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:48.4731 PHP = 1 USD



Catalino Masiglat is a simple farmer, 42 years old. He plants corn and rice which are the major products in his village. He is now requesting to borrow PHP 28,000 in order to have enough capital for his farming business and to be able to avoid a loan from capitalists with big interest rates. He is hoping that, through this amount, he will probably generate a higher yield.

Catalino is married to Marivic and they are gifted with four children: Marvin - 19 years old, a high school graduate; Michelle - 17 years old, also a high school graduate; Mark Anthony - 15 years old, an elementary graduate; and their youngest, Claire - 12 years old, a high school freshmen student. Catalino prays for the best for his children and for the progress of their daily living.


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Journal entries for Catalino Masiglat


Loan has been disbursed
 
Entrepreneur: Catalino Masiglat
Location: San Vicente Angadanan,isabela, Philippines

Thank you for your loan. It has been disbursed to Catalino Masiglat 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 Vicente Angadanan,isabela, Philippines
Jun 21, 2009
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Kiva Help Repayment Schedule for Catalino Masiglat

  Expected Repayments Actual Repayments Comments
December 2009 $600.00 $600.00 Repayment Received