Gilbert Casinao


Status: Paid Back

$125.00   Loan Request
$125.00   Paid Back

About the Entrepreneur

Name: Gilbert Casinao
Location: Benoni, Mahinog Camiguin, Philippines
Activity: Motorcycle Transport

About the Loan

Loan Amount: $125.00
Loan Use: to purchase materials needed to provide service
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jul 15, 2009
Date Disbursed: Jul 1, 2009
Date Funded:Jul 15, 2009
Loan Ended:Oct 15, 2009

About the Country

Country:Philippines
Avg Annual Income:$1,175.00
Currency:Philippines Pesos (PHP)
Exchange Rate:48.1760 PHP = 1 USD



Gilbert Casinao is from the town of Benoni, Mahinog Camiguin. He is 24 years old. Gilbert is married and has 1 child. To make a living, Gilbert owns and operates a service-based business. While not the only means for generating revenue, the main source of income for the business comes from providing transport services to local community members with the help of his motorcycle-vehicle. Gilbert is a "habal-habal" driver. Gilbert has been engaged in his business for over 2 years and earns approximately 2,000 PHP a month for these activities.



Gilbert joined HSPFI to gain access to financial services to help improve his living situation and ability to engage in business activities. Gilbert is requesting a loan of 5,000 PHP which will be used to purchase materials needed to provide service. This loan will be the 1st loan taken out by Gilbert from HSPFI. He plans to use the additional revenue generated from the business to improve/expand his business.



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 Gilbert Casinao


Loan has been disbursed
 
Entrepreneur: Gilbert Casinao
Location: Benoni, Mahinog Camiguin, Philippines

Thank you for your loan. It has been disbursed to Gilbert Casinao 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 Benoni, Mahinog Camiguin, Philippines
Jul 16, 2009
Comment on this entry

Loan Update
 
Entrepreneur: Gilbert Casinao
Location: Benoni, Mahinog Camiguin, Philippines

Gilbert is an motorcycle driver, he is thankful enough for the opportunity that the organization was given to him. According to Gilbert, dako kaayo ug natabang ang organisasyon sa ilang pangenabuhian, hinaot pa nga daghan pa sila ug matabangan sa tibuok kalibotan. Dgahnag salamat ug more power to all KIVA lenders!!!


Posted by Ma. Soccoro Gumban from Benoni, Mahinog Camiguin, Philippines
Aug 10, 2009
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Kiva Help Repayment Schedule for Gilbert Casinao

  Expected Repayments Actual Repayments Comments
September 2009 $31.25 $31.25 Repayment Received
October 2009 $25.00 $25.00 Repayment Received
November 2009 $25.00 $68.75 Repayment Received
December 2009 $31.25 Available Dec 1 Repayment Received
January 2010 $12.50 Available Jan 1 Repayment Received