Metzi Maglinte


Status: Paying Back

$425.00   Loan Amount
35% repaid

About the Entrepreneur

Name: Metzi Maglinte
Location: Plaridel, Misamis Occidental, Philippines
Activity: Food Production/Sales

About the Loan

Loan Amount: $425.00
Loan Use: To purchase additional products to sell
Repayment Term: 12 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Jul 20, 2009
Date Disbursed: Jul 17, 2009
Date Funded:Jul 20, 2009

About the Country

Country:Philippines
Avg Annual Income:$1,175.00
Currency:Philippines Pesos (PHP)
Exchange Rate:47.9300 PHP = 1 USD



Metzi Maglinte is from the village of Unidos. She is 31 years old. Metzi is married and has two school-aged children. To make a living, Metzi makes and sells food. The main source of income for the business comes from selling snacks and other delicacies in the local community. Metzi has been engaged in her business for more than a year and earns approximately 1,000 Philippine pesos (about $21) a month for these activities.

In 2008, Metzi joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Metzi has successfully repaid a previous loan of 15,000 PHP from PMPC. This previous loan was used to to purchase additional inventory and as working capital. Metzi is requesting a new loan of 20,000 PHP, which will be used to purchase additional products to sell. This will be the fourth loan taken out by Metzi 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 Metzi Maglinte


Loan has been disbursed
 
Entrepreneur: Metzi Maglinte
Location: Plaridel, Misamis Occidental, Philippines

Thank you for your loan. It has been disbursed to Metzi Maglinte by Paglaum Multi-Purpose Cooperative (PMPC) in Philippines. We are excited to watch this business grow. Over the 9 months of this loan, Paglaum Multi-Purpose Cooperative (PMPC) will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Plaridel, Misamis Occidental, Philippines
Jul 21, 2009
Comment on this entry

Good sales
 
Entrepreneur: Metzi Maglinte
Location: Plaridel, Misamis Occidental, Philippines

Padayun iyang negosyo nga Food production tungod sa tabang sa Paglaum MPC.Inabagan sa iyang bana nga namasahiro para mouswag pa jud iyang negosyo.


Posted by Jimmy Lacia from Plaridel, Misamis Occidental, Philippines
Aug 28, 2009
Comment on this entry

Kiva Help Repayment Schedule for Metzi Maglinte

  Expected Repayments Actual Repayments Comments
September 2009 $20.24 $21.26 Repayment Received
October 2009 $50.60 $49.58 Repayment Received
November 2009 $40.48 $46.13 Repayment Received
December 2009 $40.48 $34.83 Repayment Received
January 2010 $50.60 Available Jan 1  
February 2010 $40.48 Available Feb 1  
March 2010 $40.48 Available Mar 1  
April 2010 $40.48 Available Apr 1  
May 2010 $50.60 Available May 1  
June 2010 $40.48 Available Jun 1  
July 2010 $10.12 Available Jul 1