Joe-alen Salindo
Status: Paying Back
| $125.00 | Loan Amount |
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56% repaid
About the Entrepreneur
| Name: | Joe-alen Salindo |
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| Location: | Plaridel, Misamis Occidental, Philippines |
| Activity: | General Store |
About the Loan
| Loan Amount: | $125.00 |
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| Loan Use: | To purchase additional inventory and to use as working capital |
| Repayment Term: | 8 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Possible  |
| Date Listed: | Jul 29, 2009 |
| Date Disbursed: | Jul 22, 2009 |
| Date Funded: | Jul 29, 2009 |
About the Field Partner
About the Field Partner
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| Field Partner: | Paglaum Multi-Purpose Cooperative (PMPC) |
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| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 12 months |
| Kiva Entrepreneurs: | 2624 |
| Total Loans: | $662,300 |
| Delinquency Rate: | 0.37% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Philippines |
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| Avg Annual Income: | $1,175.00 |
| Currency: | Philippines Pesos (PHP) |
| Exchange Rate: | 48.0300 PHP = 1 USD |
Joe-alen Salindo is from the village of Danao. At a young age of 22, he is already married, and has an infant child.
Joe-alen owns and operates a general store, selling a variety of different products in the local community. He has been engaged in this business for over five years and earns approximately 3,000 PHP a month.
In 2008, Joe-alen joined PMPC to gain access to financial services to help improve his living situation and his ability to engage in business activities. He has successfully repaid a previous loan of 7,000 PHP from PMPC. This previous loan was used to to purchase additional products to sell.
Joe-alen is requesting a new loan of 5,000 PHP which will be used to purchase additional inventory and used as working capital. This loan will be his 2nd from PMPC. He 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.
Joe-alen owns and operates a general store, selling a variety of different products in the local community. He has been engaged in this business for over five years and earns approximately 3,000 PHP a month.
In 2008, Joe-alen joined PMPC to gain access to financial services to help improve his living situation and his ability to engage in business activities. He has successfully repaid a previous loan of 7,000 PHP from PMPC. This previous loan was used to to purchase additional products to sell.
Joe-alen is requesting a new loan of 5,000 PHP which will be used to purchase additional inventory and used as working capital. This loan will be his 2nd from PMPC. He 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 Joe-alen Salindo
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Loan has been disbursed
Location: Plaridel, Misamis Occidental, Philippines
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Posted by
from Plaridel, Misamis Occidental, Philippines
Jul 30, 2009 |
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Sells in Progress
Location: Plaridel, Misamis Occidental, Philippines
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Posted by
Jimmy Lacia from Plaridel, Misamis Occidental, Philippines
Aug 31, 2009 |
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Comment on this entry
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Repayment Schedule for Joe-alen Salindo
Repayment Schedule for Joe-alen Salindo
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| September 2009 | $0.00 | $5.00 | |||
| October 2009 | $20.00 | $15.00 |  Repayment Received
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| November 2009 | $20.00 | $20.00 | Repayment Received
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| December 2009 | $25.00 | $30.00 | Repayment Received
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| January 2010 | $20.00 | Available Jan 1 | |||
| February 2010 | $25.00 | Available Feb 1 | |||
| March 2010 | $15.00 | Available Mar 1 | |||
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