Rolando Magsico
Status: Paying Back
| $375.00 | Loan Amount |
|---|
81% repaid
About the Entrepreneur
| Name: | Rolando Magsico |
|---|---|
| Location: | Sto Niño, South Cotabato, Philippines |
| Activity: | Electronics Repair |
About the Loan
| Loan Amount: | $375.00 |
|---|---|
| Loan Use: | To purchase materials and tools for his shop. |
| Repayment Term: | 6 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Jul 23, 2009 |
| Date Disbursed: | Jul 15, 2009 |
| Date Funded: | Jul 23, 2009 |
About the Field Partner
About the Field Partner
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| Field Partner: | Community Economic Ventures, Inc. (CEVI), a partner of VisionFund International |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 12 months |
| Kiva Entrepreneurs: | 1619 |
| Total Loans: | $377,275 |
| Delinquency Rate: | 0.00% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Philippines |
|---|---|
| Avg Annual Income: | $1,175.00 |
| Currency: | Philippines Pesos (PHP) |
| Exchange Rate: | 48.1410 PHP = 1 USD |
In 2002, Rolando Magsico decided to start a small business. Since he knew a little about electronics repair, he started a shop, in order to provide income for his family. He is 44 years old this year and all of his four children are studying in school.
All he wants to do is make his shop prosper. After he found out about Kiva in CEVI, he applied for a loan worth PHP 18,000 to support his business.
Now, he is actively joining other entrepreneurs in the village during CEVI cluster meetings. He received not just a loan but training and insurance coverage as well.
All he wants to do is make his shop prosper. After he found out about Kiva in CEVI, he applied for a loan worth PHP 18,000 to support his business.
Now, he is actively joining other entrepreneurs in the village during CEVI cluster meetings. He received not just a loan but training and insurance coverage as well.
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Journal entries for Rolando Magsico
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Loan has been disbursed
Location: Sto Niño, South Cotabato, Philippines
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Posted by
from Sto Niño, South Cotabato, Philippines
Jul 24, 2009 |
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Comment on this entry
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Repayment Schedule for Rolando Magsico
Repayment Schedule for Rolando Magsico
| Expected Repayments | Actual Repayments | Comments | |||
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| October 2009 | $93.75 | $93.75 |  Repayment Received
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| November 2009 | $117.19 | $117.19 | Repayment Received
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| December 2009 | $93.75 | $93.75 | Repayment Received
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| January 2010 | $70.31 | Available Jan 1 | |||
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