Vicky Minesteryo


Status: Paying Back

$125.00   Loan Amount
85% repaid

About the Entrepreneur

Name: Vicky Minesteryo
Location: Marilag, Bukidnon, Philippines
Activity: Manufacturing

About the Loan

Loan Amount: $125.00
Loan Use: to purchase raw materials to manufacture additional products
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jul 21, 2009
Date Disbursed: Jul 8, 2009
Date Funded:Jul 21, 2009

About the Country

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



Vicky Minesteryo, 28, is from the village of Marilag, Bukidnon. Vicky is married and has 2 school-aged children. To make a living, Vicky owns and operates a business venture in the manufacturing sector operating a manufacturing business. The main source of income for the business comes primarily from manufacturing and selling bags and sandals to local businesses and community members. Vicky has been engaged in her business for over 1 year and earns ~5,000 PHP a month.

In 2009, Vicky joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Vicky is requesting a loan of 5,000 PHP to purchase raw materials to manufacture additional products. This will be her first loan from HSPFI. She plans to use the additional revenue generated from the business to support her children’s education and supplement her family’s income.


About HSPFI:

HSPFI is one of 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

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Journal entries for Vicky Minesteryo


Loan has been disbursed
 
Entrepreneur: Vicky Minesteryo
Location: Marilag, Bukidnon, Philippines

Thank you for your loan. It has been disbursed to Vicky Minesteryo 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 Marilag, Bukidnon, Philippines
Jul 22, 2009
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Loan Updates
 
Entrepreneur: Vicky Minesteryo
Location: Marilag, Bukidnon, Philippines

She is Mrs Vicky Minesteryo, 28 years old mother from Marilag, Bukidnon.She has 2 school-aged children.She is currently engaged in making bags and sandals and selling it to local businessmen and community members.She has been in this business for more than a year and she knows that this particular business activity will prosper provided the capital is fully funded. This is why she joins HSPFI this year to avail such fund. She is very thankful to HSPFI- Kiva partnership for it made her goals put into reality.

Daghang salamat!


Posted by Mike Dacutanan from Marilag, Bukidnon, Philippines
Aug 26, 2009
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Kiva Help Repayment Schedule for Vicky Minesteryo

  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 $31.25 Repayment Received
January 2010 $18.75 Available Jan 1