Eduardo Acedo


Status: Paying Back

$125.00   Loan Amount
41% repaid

About the Entrepreneur

Name: Eduardo Acedo
Location: Bayombong,nueva Vizcaya, Philippines
Activity: Motorcycle Transport

About the Loan

Loan Amount: $125.00
Loan Use: additional capital
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Sep 25, 2009
Date Disbursed: Aug 26, 2009
Date Funded:Sep 26, 2009

About the Country

Country:Philippines
Avg Annual Income:$1,175.00
Currency:Philippines Pesos (PHP)
Exchange Rate:47.3698 PHP = 1 USD



Due to difficulties of life, Eduardo Acedo did not able pursue his studies in college. He helped his father in cultivating their farm lot by plating rice and vegetables after he graduated in high school. At the age of 21 he decided to marry Ludilyn of whom they are gifted with four children. At present, the two eldest is now in their secondary level of education while the two youngest are in their elementary grades. Being a responsible parent, they wanted to give their children a better future by giving them the best education they needed so long as they afford it.

In this regard, the couple manages to help each other in earning income to support the needs of their children. Eduardo uses his tricycle transport to earn income while his wife engaged in selling food snacks and vegetables in their village. In this connection, Eduardo is asking to borrow loan from KIVA lenders the amount of PHP5, 000 for the repair and maintenance of his motorcycle and maintenance of his wife vending business. He hopes that lenders will provide them support that will somehow lead to the progress of their business.




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Lenders to this entrepreneur

Steve
Wake Forest, NC
United States

Kay
Columbia, MD KivaFriends.org
United States

Nazaret
Lublin, Poland
Poland

The Allen Family
Kangaroo Flat, Victoria
Australia

Forfar Removals
Forfar, Angus
United Kingdom



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Journal entries for Eduardo Acedo


Loan has been disbursed
 
Entrepreneur: Eduardo Acedo
Location: Bayombong,nueva Vizcaya, Philippines

Thank you for your loan. It has been disbursed to Eduardo Acedo 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 Bayombong,nueva Vizcaya, Philippines
Sep 28, 2009
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Kiva Help Repayment Schedule for Eduardo Acedo

  Expected Repayments Actual Repayments Comments
November 2009 $26.13 $26.13 Repayment Received
December 2009 $26.12 $26.12 Repayment Received
January 2010 $20.90 Available Jan 1  
February 2010 $26.13 Available Feb 1  
March 2010 $20.90 Available Mar 1  
April 2010 $4.82 Available Apr 1