Milagrosa Radaza


Status: Paying Back

$125.00   Loan Amount
40% repaid

About the Entrepreneur

Name: Milagrosa Radaza
Location: Landing, Talakag Bukidnon, Philippines
Activity: Used Clothing

About the Loan

Loan Amount: $125.00
Loan Use: To invest in expanding a used clothing business
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 Country

Country:Philippines
Avg Annual Income:$1,175.00
Currency:Philippines Pesos (PHP)
Exchange Rate:47.5219 PHP = 1 USD



Milagrosa Radaza owns and operates a clothing business buying and selling used clothing, locally known as "Ukay-Ukay", to local community members. She is 35 years old, married and has five school-age children. They are from the village of Talakag, Bukidnon. Milagrosa has been in this business for over three years and earns approximately 5,000 PHP a month.


In 2009, Milagrosa joined HSPFI to gain access to financial services to help improve her living conditions and enable her to engage in business activities. Milagrosa is requesting a loan of 5,000 PHP which will be used to invest in expanding her business. This will be Milagrosa's first loan from HSPFI. She plans to use the additional revenue generated to improve and expand her business.


About HSPFI:
HSPFI is one of the 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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Journal entries for Milagrosa Radaza


Loan has been disbursed
 
Entrepreneur: Milagrosa Radaza
Location: Landing, Talakag Bukidnon, Philippines

Thank you for your loan. It has been disbursed to Milagrosa Radaza by Hagdan sa Pag-uswag Foundation, Inc. (HSPFI) in Philippines. We are excited to watch this business grow. Over the 4 months of this loan, Hagdan sa Pag-uswag Foundation, Inc. (HSPFI) will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Landing, Talakag Bukidnon, Philippines
Sep 25, 2009
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Kiva Help Repayment Schedule for Milagrosa Radaza

  Expected Repayments Actual Repayments Comments
November 2009 $25.00 $25.00 Repayment Received
December 2009 $25.00 $25.00 Repayment Received
January 2010 $31.25 Available Jan 1  
February 2010 $25.00 Available Feb 1  
March 2010 $18.75 Available Mar 1