Marilyn Madriaga


Status: Paying Back

$425.00   Loan Amount
87% repaid

About the Entrepreneur

Name: Marilyn Madriaga
Location: Research Minante 1, Cauayan Isabela, Philippines
Activity: Fish Selling

About the Loan

Loan Amount: $425.00
Loan Use: Business Capital
Repayment Term: 7 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Jul 8, 2009
Date Disbursed: Jun 10, 2009
Date Funded:Jul 16, 2009

About the Country

Country:Philippines
Avg Annual Income:$1,175.00
Currency:Philippines Pesos (PHP)
Exchange Rate:48.0099 PHP = 1 USD



Being engaged in fish vending for 30 years is such an achievement, and while it has been a challenge to maintain a business in those long years, Marilyn Madriaga has done it. At the age of 54, still very energetically selling her fish in the market and at the same time operating a food processing business, she says that patience is really her foundation in achieving her dreams. Her monthly income of PHP 4,000 is used to help meet their household expenses.



Marilyn’s husband, Wenceslao, is a carpenter. Her oldest child, Alfredo, is a construction worker while her other child is only eight years old and currently enrolled in Grade 2. They are peacefully living at barangay Research Minante 1, Cauayan, Isabela. With her desire to improve her business, Marilyn is requesting a loan of PHP 20,000 to use as additional capital that will enable her to buy different kinds of fish to sell to her customers.




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Journal entries for Marilyn Madriaga


Loan has been disbursed
 
Entrepreneur: Marilyn Madriaga
Location: Research Minante 1, Cauayan Isabela, Philippines

Thank you for your loan. It has been disbursed to Marilyn Madriaga 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 Research Minante 1, Cauayan Isabela, Philippines
Jul 17, 2009
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Kiva Help Repayment Schedule for Marilyn Madriaga

  Expected Repayments Actual Repayments Comments
September 2009 $141.76 $141.77 Repayment Received
October 2009 $70.88 $70.87 Repayment Received
November 2009 $70.88 $70.88 Repayment Received
December 2009 $88.60 $88.60 Repayment Received
January 2010 $52.88 Available Jan 1