Rosario Mala


Status: Paying Back

$225.00   Loan Amount
59% repaid

About the Entrepreneur

Name: Rosario Mala
Location: Oroquieta City, Misamis Occidental, Philippines
Activity: Farming

About the Loan

Loan Amount: $225.00
Loan Use: To purchase fertilizer
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Jun 29, 2009
Date Disbursed: Jun 19, 2009
Date Funded:Jun 29, 2009

About the Country

Country:Philippines
Avg Annual Income:$1,175.00
Currency:Philippines Pesos (PHP)
Exchange Rate:47.9478 PHP = 1 USD



Rosario Mala is from the city of Oroquieta. She is 44 years old. Rosario is married and has four school-aged children. To make a living, Rosario owns & operates a rice field business in the agriculture sector raising crops. While not the only means for generating revenue, the main source of income for the business comes primarily from planting & harvesting rice for sale. Rosario has been engaged in her business for over five years and earns approximately 8000 PHP a month for these activities.

In 2008, Rosario joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Rosario has successfully repaid a previous loan from PMPC. Rosario is requesting a new loan of 10000 PHP, which will be used to purchase fertilizer such as manure. This loan will be the third loan taken out by Rosario from PMPC. She plans to use the additional revenue generated from the business to improve the general living conditions of her family.
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 Rosario Mala


Loan has been disbursed
 
Entrepreneur: Rosario Mala
Location: Oroquieta City, Misamis Occidental, Philippines

Thank you for your loan. It has been disbursed to Rosario Mala by Paglaum Multi-Purpose Cooperative (PMPC) in Philippines. We are excited to watch this business grow. Over the 7 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 30, 2009
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Kiva Help Repayment Schedule for Rosario Mala

  Expected Repayments Actual Repayments Comments
August 2009 $14.06 $14.06 Repayment Received
September 2009 $28.12 $28.15 Repayment Received
October 2009 $35.15 $42.22 Repayment Received
November 2009 $28.12 $28.14 Repayment Received
December 2009 $28.12 $21.00 Repayment Received
January 2010 $35.15 Available Jan 1  
February 2010 $28.12 Available Feb 1  
March 2010 $28.16 Available Mar 1