Raymundo Balitnang


Status: Paying Back

$200.00   Loan Amount
45% repaid

About the Entrepreneur

Name: Raymundo Balitnang
Location: Penablanca, Cagayan, Philippines
Activity: Livestock

About the Loan

Loan Amount: $200.00
Loan Use: Additional Capital
Repayment Term: 7 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Sep 10, 2009
Date Disbursed: Aug 14, 2009
Date Funded:Sep 10, 2009

About the Country

Country:Philippines
Avg Annual Income:$1,175.00
Currency:Philippines Pesos (PHP)
Exchange Rate:48.2199 PHP = 1 USD



Raymundo is 58 years old. He is a resident of Barangay South Caronsi, Peñablanca, Cagayan. He is married to Ester, 47 years old. They have five children: Reyna - 28, Emily - 23, Joyelon - 21, Remark – 19 and Norman – 16 years old.

Raymundo is a local farmer and he manages a 1.5 hectares of corn field and at he is also engaged in the livestock business particularly goat raising. He used to wakes up early in the morning for his two businesses.

He wanted to borrow loan from KIVA lenders amounting to PHP9, 000 for his goat raising business. The loan will be utilized in building goat house and some will be used to buy a piglet that he will also start to raise. He is doing her best to earn good income for the benefit of her family.

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Journal entries for Raymundo Balitnang


Loan has been disbursed
 
Entrepreneur: Raymundo Balitnang
Location: Penablanca, Cagayan, Philippines

Thank you for your loan. It has been disbursed to Raymundo Balitnang by Alalay sa Kaunlaran, Inc. (ASKI) in Philippines. We are excited to watch this business grow. Over the 5 months of this loan, Alalay sa Kaunlaran, Inc. (ASKI) will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Penablanca, Cagayan, Philippines
Sep 11, 2009
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Kiva Help Repayment Schedule for Raymundo Balitnang

  Expected Repayments Actual Repayments Comments
November 2009 $58.33 $58.33 Repayment Received
December 2009 $33.34 $33.34 Repayment Received
January 2010 $41.66 Available Jan 1  
February 2010 $33.34 Available Feb 1  
March 2010 $33.33 Available Mar 1