Noralyn Jolapong


Status: Paid Back

$125.00   Loan Request
$125.00   Paid Back

About the Entrepreneur

Name: Noralyn Jolapong
Location: Tuod, Manticao Misamis Oriental, Philippines
Activity: Auto Repair

About the Loan

Loan Amount: $125.00
Loan Use: the repair of their "jeepney"
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jul 14, 2009
Date Disbursed: Jul 8, 2009
Date Funded:Jul 14, 2009
Loan Ended:Nov 15, 2009

About the Country

Country:Philippines
Avg Annual Income:$1,175.00
Currency:Philippines Pesos (PHP)
Exchange Rate:48.3242 PHP = 1 USD



Noralyn Jolapong is from the village of Tuod, Manticao Misamis Oriental. She is 31 years old. Noralyn is married and has 1 school-aged child. Noralyn owns and operates a specialized retail business in the local community. She sells "RTW" or ready-to-wear items. Noralyn is just starting this business.



In 2009, Noralyn joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Noralyn is requesting a loan of 5,000 PHP which will be used to repair their jeepney, a transport vehicle, the business of her husband. This will be the 1st loan taken out by Noralyn from HSPFI. She plans to use the additional revenue generated from the business to supplement the income of the family.



About HSPFI:



HSPFI is one of accredited partners of Opportunity International in the Philippines. It is based in Cagayan de Oro City and reaches out to the poor households of Northern Mindanao.



*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, we created this template for our field staff to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.



Important Information About This Loan
To join the HSPFI Lending Team please click on the link: http://www.kiva.org/team/hspfi


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Journal entries for Noralyn Jolapong


Loan has been disbursed
 
Entrepreneur: Noralyn Jolapong
Location: Tuod, Manticao Misamis Oriental, Philippines

Thank you for your loan. It has been disbursed to Noralyn Jolapong by Hagdan sa Pag-uswag Foundation, Inc. (HSPFI) in Philippines. We are excited to watch this business grow. Over the 4 months of this loan, Hagdan sa Pag-uswag Foundation, Inc. (HSPFI) will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Tuod, Manticao Misamis Oriental, Philippines
Jul 15, 2009
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Loan Updates
 
Entrepreneur: Noralyn Jolapong
Location: Tuod, Manticao Misamis Oriental, Philippines

She is 31 years old and she hails from Manticao, Misamis Oriental with one school- aged child. She is Mrs Noralyn Jolapong.She is primarily engaged in buying and selling " RTW's" or Ready To Wear items.The income from this activity is the main source of living for the family. She was very happy to be a part of the vision of HSPFI. She is more than happy that she was granted the loan she filed in the foundation. That loan was a huge factor in increasing the volume of items she is selling in the local community. Now, she is now busy with the additional capital she was able to loan with HSPFI. She is paying well her obligations as she wishes to apply future loans from the foundation which will help her much!

Credit for such improvements ought to be given to HSPFI- Kiva partnership!

Daghang salamat!


Posted by Mike Dacutanan from Tuod, Manticao Misamis Oriental, Philippines
Aug 13, 2009
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Kiva Help Repayment Schedule for Noralyn Jolapong

  Expected Repayments Actual Repayments Comments
September 2009 $25.00 $25.00 Repayment Received
October 2009 $25.00 $25.00 Repayment Received
November 2009 $25.00 $25.00 Repayment Received
December 2009 $31.25 $50.00 Repayment Received
January 2010 $18.75 Available Jan 1 Repayment Received