Cherry Mae Dela Cruz
Status: Paying Back
| $125.00 | Loan Amount |
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40% repaid
About the Entrepreneur
| Name: | Cherry Mae Dela Cruz |
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| Location: | Talakag Bukidnon, Philippines |
| Activity: | Services |
About the Loan
| Loan Amount: | $125.00 |
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| Loan Use: | Purchase of materials needed to expand the services provided |
| Repayment Term: | 6 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Sep 24, 2009 |
| Date Disbursed: | Sep 3, 2009 |
| Date Funded: | Sep 24, 2009 |
About the Field Partner
About the Field Partner
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| Field Partner: | Hagdan sa Pag-uswag Foundation, Inc. (HSPFI) |
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| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 9 months |
| Kiva Entrepreneurs: | 1852 |
| Total Loans: | $315,325 |
| Delinquency Rate: | 0.00% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Philippines |
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| Avg Annual Income: | $1,175.00 |
| Currency: | Philippines Pesos (PHP) |
| Exchange Rate: | 47.5219 PHP = 1 USD |
Cherry Mae Dela Cruz, 19, is from the village of Talakag, Bukidnon. Cherry Mae is married and has a small child. To make a living, she recently started her own business venture in the services sector, transporting passengers from the local community.
In 2009, Cherry Mae joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Now she is requesting a loan of 5000 PHP, which will be used to purchase materials needed to expand the services that her business is providing. This will be Cherry Mae's first loan from HSPFI. She plans to use the additional revenue generated from the business to improve and expand it even further.
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, Cherry Mae joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Now she is requesting a loan of 5000 PHP, which will be used to purchase materials needed to expand the services that her business is providing. This will be Cherry Mae's first loan from HSPFI. She plans to use the additional revenue generated from the business to improve and expand it even further.
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
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Lenders to this entrepreneur
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United States
Young Gon Lee
Pucheon, Kyunggi-do
Korea, Republic of
Brian
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Kimberly
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Jean & Gary
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Journal entries for Cherry Mae Dela Cruz
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Loan has been disbursed
Location: Talakag Bukidnon, Philippines
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Posted by
from Talakag Bukidnon, Philippines
Sep 25, 2009 |
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Comment on this entry
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Repayment Schedule for Cherry Mae Dela Cruz
Repayment Schedule for Cherry Mae Dela Cruz
| Expected Repayments | Actual Repayments | Comments | |||
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| November 2009 | $25.00 | $25.00 |  Repayment Received
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| December 2009 | $25.00 | $25.00 | Repayment Received
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| January 2010 | $31.25 | Available Jan 1 | |||
| February 2010 | $25.00 | Available Feb 1 | |||
| March 2010 | $18.75 | Available Mar 1 | |||
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