Arlene Nano


Status: Paying Back

$525.00   Loan Amount
16% repaid

About the Entrepreneur

Name: Arlene Nano
Location: Baliangao, Mis. Occ., Philippines
Activity: Motorcycle Transport

About the Loan

Loan Amount: $525.00
Loan Use: To purchase a motorcycle.
Repayment Term: 26 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Jul 23, 2009
Date Disbursed: Jun 26, 2009
Date Funded:Jul 26, 2009

About the Country

Country:Philippines
Avg Annual Income:$1,175.00
Currency:Philippines Pesos (PHP)
Exchange Rate:48.1200 PHP = 1 USD



Arlene Nano is from the village of Landing. She is 38 years old and married. To make a living, Arlene owns and operates a business venture in the retail sector operating a specialized retail store. While not the only means for generating revenue, the main source of income for the business comes primarily from selling sari-sari (small convenience store) products in the local community. Arlene has been engaged in her business for over 10 years and earns approximately 5,000 PHP a month from these activities.

In 2005, Arlene joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Arlene has successfully repaid a previous loan of 10,500 PHP from PMPC. Arlene is requesting a new loan of 25,000 PHP which will be used to fully pay for a motorcycle as a means of transportation, which aids their present business. This loan will be the 7th loan taken out by Arlene 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 Arlene Nano


Loan has been disbursed
 
Entrepreneur: Arlene Nano
Location: Baliangao, Mis. Occ., Philippines

Thank you for your loan. It has been disbursed to Arlene Nano by Paglaum Multi-Purpose Cooperative (PMPC) in Philippines. We are excited to watch this business grow. Over the 24 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 Baliangao, Mis. Occ., Philippines
Jul 27, 2009
Comment on this entry

Arlene Nano uban sa iyang motorcycle
 
Entrepreneur: Arlene Nano
Location: Baliangao, Mis. Occ., Philippines

Salamat kaayo sa higayon nga ang Paglaum Coop nihatag ug nisalig kanamo nga ilang membro sa pagpahulam ug kwarta. Diin dako kaayo ug tabang sa akong negosyo ug pamilya. Ako malipayon sa maayong dagan sa akong negosyo. Daghan kaayong salamat sa tanan!...


Posted by Ronita Ceniza from Baliangao, Mis. Occ., Philippines
Aug 28, 2009
Comment on this entry

Kiva Help Repayment Schedule for Arlene Nano

  Expected Repayments Actual Repayments Comments
September 2009 $21.88 $21.88 Repayment Received
October 2009 $21.87 $21.87 Repayment Received
November 2009 $21.88 $22.05 Repayment Received
December 2009 $21.87 $23.10 Repayment Received
January 2010 $21.88 Available Jan 1  
February 2010 $21.87 Available Feb 1  
March 2010 $21.88 Available Mar 1  
April 2010 $21.87 Available Apr 1  
May 2010 $21.88 Available May 1  
June 2010 $21.87 Available Jun 1  
July 2010 $21.88 Available Jul 1  
August 2010 $21.87 Available Aug 1  
September 2010 $21.88 Available Sep 1  
October 2010 $21.87 Available Oct 1  
November 2010 $21.88 Available Nov 1  
December 2010 $21.87 Available Dec 1  
January 2011 $21.88 Available Jan 1  
February 2011 $21.87 Available Feb 1  
March 2011 $21.88 Available Mar 1  
April 2011 $21.87 Available Apr 1  
May 2011 $21.88 Available May 1  
June 2011 $21.87 Available Jun 1  
July 2011 $21.88 Available Jul 1  
August 2011 $21.87 Available Aug 1