Maribel Cruta


Status: Paid Back

$125.00   Loan Request
$125.00   Paid Back

About the Entrepreneur

Name: Maribel Cruta
Location: San Roque, Bukidnon, Philippines
Activity: General Store

About the Loan

Loan Amount: $125.00
Loan Use: To purchase additional products to sell
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jul 21, 2009
Date Disbursed: Jul 17, 2009
Date Funded:Jul 21, 2009
Loan Ended:Nov 15, 2009

About the Country

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



Maribel Cruta is from the village of San Roque, Bukidnon. She is 32 years old. Maribel is single and has one school-aged child. To make a living, Maribel owns & operates a business running a sari-sari (variety) retail store. While not the only means for generating revenue, the main source of income for the business comes primarily from selling a variety of different products in the local community including bananas, spices and others. Maribel has been engaged in her business for over five years and earns approximately 8,000 PHP a month for these activities.

In 2009, Maribel joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Maribel is requesting a loan of 5000 PHP, which will be used to purchase additional products to sell. This loan will be the first loan taken out by Maribel from HSPFI. She plans to use the additional revenue generated from the business to supplement the income of her family.

About HSPFI:

HSPFI is one of the accredited partners of Opportunity International in the Philippines. It is based in Cagayan de Oro City and is reaching 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

Subscribe

Lenders to this entrepreneur

Michael
Cleveland, OH
United States

Nazaret
Lublin, Poland
Poland

David
Edmond, Oklahoma
United States

Avi & Rivka
Northwood, Middlesex
United Kingdom

kathy
Liverpool, NY
United States



Top Lending Teams for this entrepreneur


Christians Against Abortion
Other
20 Members

Kiva Jews
Religious Congregations
260 Members

Journal entries for Maribel Cruta


Loan has been disbursed
 
Entrepreneur: Maribel Cruta
Location: San Roque, Bukidnon, Philippines

Thank you for your loan. It has been disbursed to Maribel Cruta 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 San Roque, Bukidnon, Philippines
Jul 22, 2009
Comment on this entry

Loan Updates
 
Entrepreneur: Maribel Cruta
Location: San Roque, Bukidnon, Philippines

She is 32 years old single mom from San Roque, Bukidnon. Her business includes selling banana, and spices among others. She is earning at an estimated P 8 000/ month in this venture.When she joins HSPFI this year, she was so happy that she was granted the loan of which she used as additional capital for her investment.The proceeds of such activity help her provide the basic needs of her school-aged child. She wants to thank HSFI- Kiva partnership for such incredible assistance.

May God bless you and more power!


Posted by Mike Dacutanan from San Roque, Bukidnon, Philippines
Aug 25, 2009
Comment on this entry

Kiva Help Repayment Schedule for Maribel Cruta

  Expected Repayments Actual Repayments Comments
September 2009 $12.50 $12.50 Repayment Received
October 2009 $31.25 $31.25 Repayment Received
November 2009 $25.00 $25.00 Repayment Received
December 2009 $25.00 $56.25 Repayment Received
January 2010 $31.25 Available Jan 1 Repayment Received