Dionesia Alburo


Status: Paying Back

$300.00   Loan Amount
70% repaid

About the Entrepreneur

Name: Dionesia Alburo
Location: Caloocan City, Philippines
Activity: Cosmetics Sales

About the Loan

Loan Amount: $300.00
Loan Use: To purchase more cosmetics, shoes and bags and build a perimeter fence
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jul 17, 2009
Date Disbursed: Jun 29, 2009
Date Funded:Jul 17, 2009

About the Country

Country:Philippines
Avg Annual Income:$1,175.00
Currency:Philippines Pesos (PHP)
Exchange Rate:48.0101 PHP = 1 USD



Dionesia Alburo, 38, lives in Phase 4, Bagong Silang, Caloocan City. Her husband died seven years ago. She has three children. The eldest has just finished college and is now helping her send the two younger kids to school.

Dionesia, like many Filipina women entrepreneurs, sells cosmetics, shoes, and bags consigned from prominent brands to clients on installment terms. She earns P2,500.00 every week from this business, augmenting her regular salary as a storekeeper at a nearby water refilling station. Working at the water refilling station also provides an opportunity to market her products (see picture of Dionesia inside the water station with her products).

While most of the loan she has applied for will be used for inventory for her business, Dionesia will use part of the P14,000 loan to construct a perimeter fence around a parcel of land she purchased with her savings.

CCT is a Filipino family-oriented and Bible-centered development organization that provides and creates equal business opportunities for small-scale Filipino entrepreneurs through loans and social interventions.

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Journal entries for Dionesia Alburo


Loan has been disbursed
 
Entrepreneur: Dionesia Alburo
Location: Caloocan City, Philippines

Thank you for your loan. It has been disbursed to Dionesia Alburo by Center for Community Transformation Credit Cooperative (CCT) in Philippines. We are excited to watch this business grow. Over the 5 months of this loan, Center for Community Transformation Credit Cooperative (CCT) will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Caloocan City, Philippines
Jul 18, 2009
Comment on this entry

Borrower Verification
 
Entrepreneur: Dionesia Alburo
Location: Caloocan City, Philippines

Dear Lenders,

Dionesa Alburo is thankful to your generosity for granting her a loan of PHP 14,000 (USD 300) to be used as an additional capital to improve her cosmetics business. Dionesa used PHP 8,000 to take additional advance orders on her Natasha and Avon line products. She also bought more water containers for PHP 2,000 so many orders can be accommodated with their existing water refilling station. The remaining money was made to pay for the water bill of PHP 2,000 and for her child’s schooling for PHP 2,000. With the current competition on direct selling, Dionesa has confidence and perseverance to continue on and invest such a large amount of her capital on her cosmetic business. She knows that the pay off compensates for everything, and that patience is the key. She balances her time managing her water refilling station and taking cosmetic orders from her clients.


Posted by Sheila Grace Cayabyab from Caloocan City, Philippines
Sep 29, 2009
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Kiva Help Repayment Schedule for Dionesia Alburo

  Expected Repayments Actual Repayments Comments
September 2009 $50.00 $50.00 Repayment Received
October 2009 $62.50 $80.00 Repayment Received
November 2009 $50.00 $32.50 Repayment Received
December 2009 $50.00 $50.00 Repayment Received
January 2010 $62.50 Available Jan 1  
February 2010 $25.00 Available Feb 1