Wilma Matas


Status: Paid Back

$175.00   Loan Request
$175.00   Paid Back

About the Entrepreneur

Name: Wilma Matas
Location: Dapitan City, Zamboanga Del Norte, Philippines
Activity: Food Production/Sales

About the Loan

Loan Amount: $175.00
Loan Use: To purchase raw ingredients needed to make products for sale
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 24, 2009
Date Disbursed: May 26, 2009
Date Funded:Jun 25, 2009
Loan Ended:Nov 15, 2009

About the Country

Country:Philippines
Avg Annual Income:$1,175.00
Currency:Philippines Pesos (PHP)
Exchange Rate:48.1928 PHP = 1 USD



Wilma Matas is from the city of Dapitan. She is 37 years old. Wilma is married and has 3 school-aged children. To make a living, Wilma owns & operates a business venture in the food sector making & selling food. While not the only means for generating revenue, the main source of income for the business comes primarily from selling ice cream in the local community. Wilma has been engaged in her business for over 5 years and earns approximately 6,000 PHP a month from these activities.

In 2008, Wilma joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Wilma has successfully repaid a previous loan of 10,000 PHP from PMPC. This previous loan was used to purchase raw ingredients needed to make products for sale.


Wilma is requesting a new loan of 8,000 PHP which will be used to purchase raw ingredients needed to make products for sale. This loan will be the 4th loan taken out by Wilma 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 Wilma Matas


Loan has been disbursed
 
Entrepreneur: Wilma Matas
Location: Dapitan City, Zamboanga Del Norte, Philippines

Thank you for your loan. It has been disbursed to Wilma Matas by Paglaum Multi-Purpose Cooperative (PMPC) in Philippines. We are excited to watch this business grow. Over the 5 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 Dapitan City, Zamboanga Del Norte, Philippines
Jun 26, 2009
Comment on this entry

Let's eat my homemade ice cream
 
Entrepreneur: Wilma Matas
Location: Dapitan City, Zamboanga Del Norte, Philippines

Wilma has increased the volume of her production and sale for her ice cream. With the financial support of kiva lenders, she acquired enough supply of ingredients needed to produce more in order to meet the demand of her deliveries.


Posted by Jared Gran from Dapitan City, Zamboanga Del Norte, Philippines
Aug 4, 2009
Comment on this entry

Let's eat my homemade ice cream
 
Entrepreneur: Wilma Matas
Location: Dapitan City, Zamboanga Del Norte, Philippines

Wilma has increased the volume of her production and sale for her ice cream. With the financial support of kiva lenders, she acquired enough supply of ingredients needed to produce more in order to meet the demand of her deliveries.


Posted by Jared Gran from Dapitan City, Zamboanga Del Norte, Philippines
Aug 4, 2009
Comment on this entry

Kiva Help Repayment Schedule for Wilma Matas

  Expected Repayments Actual Repayments Comments
August 2009 $35.00 $42.29 Repayment Received
September 2009 $28.00 $28.20 Repayment Received
October 2009 $35.00 $28.20 Repayment Received
November 2009 $28.00 $28.20 Repayment Received
December 2009 $28.00 $48.11 Repayment Received
January 2010 $21.00 Available Jan 1 Repayment Received