Lovely Bunga


Status: Paying Back

$425.00   Loan Amount
22% repaid

About the Entrepreneur

Name: Lovely Bunga
Location: Lopez Jaena, Misamis Occidental, Philippines
Activity: Livestock

About the Loan

Loan Amount: $425.00
Loan Use: to purchase livestock feed & other supplies
Repayment Term: 12 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Aug 28, 2009
Date Disbursed: Aug 24, 2009
Date Funded:Aug 28, 2009

About the Country

Country:Philippines
Avg Annual Income:$1,175.00
Currency:Philippines Pesos (PHP)
Exchange Rate:48.8100 PHP = 1 USD



Lovely Bunga is from the town of Lopez Jaena. She is 32 years old. Lovely is married and has 2 school-aged children. To make a living, Lovely owns & operates a business venture in the agriculture sector raising livestock. While not the only means for generating revenue, the main source of income for the business comes primarily from raising pigs for sale. Lovely has been engaged in her business for over 3 years and earns approximately 10,000 PHP a month for these activities.

In 2004, Lovely joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Lovely has successfully repaid a previous loan of 17,000 PHP from PMPC. This previous loan was used to to purchase livestock feed & other supplies. Lovely is requesting a new loan of 20000 PHP which will be used to purchase livestock feed & other supplies. This loan will be the 12th loan taken out by Lovely from PMPC. She plans to use the additional revenue generated from the business to improve the general living conditions of the borrower's 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 Lovely Bunga


Loan has been disbursed
 
Entrepreneur: Lovely Bunga
Location: Lopez Jaena, Misamis Occidental, Philippines

Thank you for your loan. It has been disbursed to Lovely Bunga by Paglaum Multi-Purpose Cooperative (PMPC) in Philippines. We are excited to watch this business grow. Over the 9 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 Lopez Jaena, Misamis Occidental, Philippines
Aug 29, 2009
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Kiva Help Repayment Schedule for Lovely Bunga

  Expected Repayments Actual Repayments Comments
November 2009 $42.50 $53.26 Repayment Received
December 2009 $42.50 $42.60 Repayment Received
January 2010 $42.50 Available Jan 1  
February 2010 $53.13 Available Feb 1  
March 2010 $42.50 Available Mar 1  
April 2010 $42.50 Available Apr 1  
May 2010 $53.12 Available May 1  
June 2010 $42.50 Available Jun 1  
July 2010 $42.50 Available Jul 1  
August 2010 $21.25 Available Aug 1