Carol Milabo


Status: Paying Back

$175.00   Loan Amount
70% repaid

About the Entrepreneur

Name: Carol Milabo
Location: Banlag, Valencia City, Philippines
Activity: General Store

About the Loan

Loan Amount: $175.00
Loan Use: To purchase additional products to sell
Repayment Term: 7 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Aug 22, 2009
Date Disbursed: Jul 24, 2009
Date Funded:Aug 22, 2009

About the Country

Country:Philippines
Avg Annual Income:$1,175.00
Currency:Philippines Pesos (PHP)
Exchange Rate:48.3850 PHP = 1 USD



Carol Milabo is from the village of Banlag, Valencia City. She is 30 years old, is married, and has three school-aged children.

Carol owns and operates a sari-sari (variety) retail shop, selling a variety of different products in the local community. She has been engaged in her business for over three years and earns approximately 4,000 PHP a month.

In May 2009, Carol joined HSPFI to gain access to financial services to help improve her living situation and her ability to engage in business activities. She has successfully repaid a previous loan of 5,000 PHP from HSPFI.

Carol is requesting a new loan of 8,000 PHP which will be used to purchase additional products to sell. This loan will be her 2nd from HSPFI. She plans to use the additional revenue generated from the business to improve and expand her business.


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, 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.




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 Carol Milabo


Loan has been disbursed
 
Entrepreneur: Carol Milabo
Location: Banlag, Valencia City, Philippines

Thank you for your loan. It has been disbursed to Carol Milabo 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 Banlag, Valencia City, Philippines
Aug 23, 2009
Comment on this entry

Loan Updates
 
Entrepreneur: Carol Milabo
Location: Banlag, Valencia City, Philippines

Carol was very happy and thankful when she received her loan amounting to Php 8,000.00. She was very excited to purchase products for her store like candies, beverages, chips, bath and laundry soaps, shampoos, cigarettes, and others. She was very happy looking at her store that full of grocery items."Salamat sa Kiva Lenders og sa taga Hagdan nga nagpahulam sa akoa og kwarta.", she said.

Currently, Carol's business doing good and she can pay her weekly obligation through her business.


Posted by Ralph Jayson Baldove from Banlag, Valencia City, Philippines
Nov 4, 2009
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Kiva Help Repayment Schedule for Carol Milabo

  Expected Repayments Actual Repayments Comments
October 2009 $52.50 $52.50 Repayment Received
November 2009 $35.00 $35.00 Repayment Received
December 2009 $35.00 $35.00 Repayment Received
January 2010 $43.75 Available Jan 1  
February 2010 $8.75 Available Feb 1