Magdalina Magtuba
Status: Paying Back
| $425.00 | Loan Amount |
|---|
48% repaid
About the Entrepreneur
| Name: | Magdalina Magtuba |
|---|---|
| Location: | Plaridel, Misamis Occidental, Philippines |
| Activity: | Home Products Sales |
About the Loan
| Loan Amount: | $425.00 |
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| Loan Use: | To purchase additional inventory & working capital. |
| Repayment Term: | 12 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Possible  |
| Date Listed: | Jul 5, 2009 |
| Date Disbursed: | Jun 17, 2009 |
| Date Funded: | Jul 20, 2009 |
About the Field Partner
About the Field Partner
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| Field Partner: | Paglaum Multi-Purpose Cooperative (PMPC) |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 12 months |
| Kiva Entrepreneurs: | 2612 |
| Total Loans: | $657,475 |
| Delinquency Rate: | 0.37% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Philippines |
|---|---|
| Avg Annual Income: | $1,175.00 |
| Currency: | Philippines Pesos (PHP) |
| Exchange Rate: | 48.0423 PHP = 1 USD |
Magdalina Magtuba is from the village of Southern Poblacion. She is 57 years old. Magdalina is widowed. To make a living, Magdalina owns & operates a business selling personal home products to tourists and local community members. Magdalina is just starting this business.
In 2006, Magdalina joined PMPC to gain access to financial services to help improve her living situation and to engage in business activities. Magdalina has successfully repaid a previous loan of 20,000 PHP from PMPC. This previous loan was used to purchase additional products to sell. Magdalina is requesting a new loan of 20000 PHP to be used to purchase additional inventory & working capital. This will be the 7th loan taken out by Magdalina 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.
In 2006, Magdalina joined PMPC to gain access to financial services to help improve her living situation and to engage in business activities. Magdalina has successfully repaid a previous loan of 20,000 PHP from PMPC. This previous loan was used to purchase additional products to sell. Magdalina is requesting a new loan of 20000 PHP to be used to purchase additional inventory & working capital. This will be the 7th loan taken out by Magdalina 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 Magdalina Magtuba
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Loan has been disbursed
Location: Plaridel, Misamis Occidental, Philippines
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Posted by
from Plaridel, Misamis Occidental, Philippines
Jul 21, 2009 |
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Comment on this entry
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masaya ako sa pagbebenta ng RTW's.
Location: Plaridel, Misamis Occidental, Philippines
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Posted by
Rey Cañares from Plaridel, Misamis Occidental, Philippines
Aug 31, 2009 |
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Comment on this entry
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Repayment Schedule for Magdalina Magtuba
Repayment Schedule for Magdalina Magtuba
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| September 2009 | $70.84 | $76.94 |  Repayment Received
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| October 2009 | $40.48 | $42.50 | Repayment Received
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| November 2009 | $40.48 | $42.50 | Repayment Received
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| December 2009 | $50.60 | $42.50 | Repayment Received
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| January 2010 | $40.48 | Available Jan 1 | |||
| February 2010 | $50.60 | Available Feb 1 | |||
| March 2010 | $40.48 | Available Mar 1 | |||
| April 2010 | $40.48 | Available Apr 1 | |||
| May 2010 | $40.48 | Available May 1 | |||
| June 2010 | $10.12 | Available Jun 1 | |||
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