Mary Jean Caballero


Status: Paying Back

$175.00   Loan Amount
80% repaid

About the Entrepreneur

Name: Mary Jean Caballero
Location: Caloocan City, Philippines
Activity: Food Production/Sales

About the Loan

Loan Amount: $175.00
Loan Use: Raw materials for rice-cake making
Repayment Term: 5 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Aug 27, 2009
Date Disbursed: Aug 3, 2009
Date Funded:Aug 27, 2009

About the Country

Country:Philippines
Avg Annual Income:$1,175.00
Currency:Philippines Pesos (PHP)
Exchange Rate:48.7100 PHP = 1 USD



Mary Jean Caballero is one of the youngest members of the Center for Community Transformation (CCT) Credit Cooperative in Bagong Silang, Caloocan City. She is 26 years old. Her husband, Danilo, is a 27-year-old street vendor. They have two children.

Mary Jean has been selling rice cakes and other native delicacies for the past six years. She earns a net income of at least 7,000 Philippine pesos a month. She makes these delicacies at home.

She joined the cooperative in 2007 upon the invitation of older housewives in her village. Now on her eighth loan cycle with CCT, she applied for a fresh loan in the amount of P8,000, which she will use to buy raw materials for making rice cakes (glutinous rice, flavorings, etc.)

About CCT

The Center for Community Transformation (CCT) is an organized Christian response against poverty and social injustice. This is carried out through the fusion of social development initiatives and evangelical mission in a uniquely Filipino context. It serves urban and rural poor communities throughout the Philippines in pursuit of its desire to see changed lives, strong families and transformed communities centered in the Lordship of Jesus Christ.






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Journal entries for Mary Jean Caballero


Loan has been disbursed
 
Entrepreneur: Mary Jean Caballero
Location: Caloocan City, Philippines

Thank you for your loan. It has been disbursed to Mary Jean Caballero by Center for Community Transformation Credit Cooperative (CCT) in Philippines. We are excited to watch this business grow. Over the 3 months of this loan, Center for Community Transformation Credit Cooperative (CCT) will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Caloocan City, Philippines
Aug 28, 2009
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Borrower Verification
 
Entrepreneur: Mary Jean Caballero
Location: Caloocan City, Philippines

Dear Lender,

Mary Jean is grateful for the PHP 8,000 (USD 175) amount you loaned to her for the expansion of her business. She spent all the added capital she got for the ingredients in making rice cakes and other cooked snack foods. With the additional capital, she was able to get added profits. She can sell more snacks now with more customers. She is thankful for the additional capital; this encourages her to work hard for the further development of her business.


Posted by Sheila Grace Cayabyab from Caloocan City, Philippines
Sep 30, 2009
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Kiva Help Repayment Schedule for Mary Jean Caballero

  Expected Repayments Actual Repayments Comments
October 2009 $46.67 $46.67 Repayment Received
November 2009 $46.66 $46.66 Repayment Received
December 2009 $46.67 $46.67 Repayment Received
January 2010 $35.00 Available Jan 1