Lolita Basalo
Status: Paying Back
| $125.00 | Loan Amount |
|---|
45% repaid
About the Entrepreneur
| Name: | Lolita Basalo |
|---|---|
| Location: | Brgy. 25, Pandan, Gingoog City, Philippines |
| Activity: | Food Production/Sales |
About the Loan
| Loan Amount: | $125.00 |
|---|---|
| Loan Use: | to purchase raw ingredients needed to make products for sale |
| Repayment Term: | 6 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Sep 22, 2009 |
| Date Disbursed: | Sep 1, 2009 |
| Date Funded: | Sep 22, 2009 |
About the Field Partner
About the Field Partner
|
|
| Field Partner: | Hagdan sa Pag-uswag Foundation, Inc. (HSPFI) |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 9 months |
| Kiva Entrepreneurs: | 1856 |
| Total Loans: | $316,550 |
| Delinquency Rate: | 0.00% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Philippines |
|---|---|
| Avg Annual Income: | $1,175.00 |
| Currency: | Philippines Pesos (PHP) |
| Exchange Rate: | 47.7555 PHP = 1 USD |
Lolita Basalo is from the village of P-1, Brgy. 25, Pandan Gingoog City. She is 34-years-old. Lolita, (seen on the right), is married and has three school-age children. To make a living, Lolita owns and operates a business venture together with Heidi Joy Abao, (left), as her business partner in the food sector making and selling food. The main source of income for the business comes from selling specialty food products in the local community. Lolita is just starting this business.
In 2009, Lolita joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Lolita is requesting a loan of 5,000 PHP which will be used to purchase raw ingredients needed to make products for sale. She plans to use the additional revenue generated from the business to support the education of her children.
About HSPFI:
HSPFI is one of 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, we created this template for our field staff 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
In 2009, Lolita joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Lolita is requesting a loan of 5,000 PHP which will be used to purchase raw ingredients needed to make products for sale. She plans to use the additional revenue generated from the business to support the education of her children.
About HSPFI:
HSPFI is one of 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, we created this template for our field staff 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
Subscribe
Lenders to this entrepreneur
raju
fort worth, TX
United States
Deirdre
LA
United States
Frilly Lilly
Calgary, Alberta
Canada
Lee Zalben
New York, NY
United States
Zane
United States
Top Lending Teams for this entrepreneur
Journal entries for Lolita Basalo
|
Loan has been disbursed
Location: Brgy. 25, Pandan, Gingoog City, Philippines
|
|
|
Posted by
from Brgy. 25, Pandan, Gingoog City, Philippines
Sep 23, 2009 |
|
|
Comment on this entry
|
|
Repayment Schedule for Lolita Basalo
Repayment Schedule for Lolita Basalo
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| November 2009 | $25.00 | $25.00 |  Repayment Received
|
||
| December 2009 | $31.25 | $31.25 | Repayment Received
|
||
| January 2010 | $25.00 | Available Jan 1 | |||
| February 2010 | $31.25 | Available Feb 1 | |||
| March 2010 | $12.50 | Available Mar 1 | |||
| 
