Lilia Torino


Status: Paying Back

$150.00   Loan Amount
19% repaid

About the Entrepreneur

Name: Lilia Torino
Location: Rizal, Zamboanga Del Norte, Philippines
Activity: Food Production/Sales

About the Loan

Loan Amount: $150.00
Loan Use: To purchase fruit.
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Sep 30, 2009
Date Disbursed: Sep 17, 2009
Date Funded:Sep 30, 2009

About the Country

Country:Philippines
Avg Annual Income:$1,175.00
Currency:Philippines Pesos (PHP)
Exchange Rate:47.5720 PHP = 1 USD



Lilia Torino is from the village of Torino. She is 60 years-old and married with three adult children. Lilia owns and operates a food stall selling fruit products. While not the only means for generating revenue, the main source of income comes from selling fresh fruit in the local community. Lilia has been engaged in her business for over five years and earns approximately 3,000 PHP a month.


In 2006, Lilia joined Kiva partner PMPC in order to gain access to financial services to help improve her living situation and ability to engage in business activities. Lilia has successfully repaid a previous loan from PMPC and is requesting a new loan of 6,000 PHP which will be used to purchase additional products to sell particularly fresh fruit. This loan will be her fourth loan from PMPC. She plans to use the additional revenue generated to improve the general living conditions of her family.


About PMPC:


The Paglaum Multi-Purpose Cooperative (PMPC) is one of the most progressive cooperatives in northwestern Mindanao. It reaches out to the rural poor using the Grameen model.


*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, Kiva created this template for our Field Partner to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.


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Journal entries for Lilia Torino


Loan has been disbursed
 
Entrepreneur: Lilia Torino
Location: Rizal, Zamboanga Del Norte, Philippines

Thank you for your loan. It has been disbursed to Lilia Torino by Paglaum Multi-Purpose Cooperative (PMPC) in Philippines. We are excited to watch this business grow. Over the 6 months of this loan, Paglaum Multi-Purpose Cooperative (PMPC) will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Rizal, Zamboanga Del Norte, Philippines
Oct 1, 2009
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Kiva Help Repayment Schedule for Lilia Torino

  Expected Repayments Actual Repayments Comments
December 2009 $24.00 $28.95 Repayment Received
January 2010 $30.00 Available Jan 1  
February 2010 $24.00 Available Feb 1  
March 2010 $24.00 Available Mar 1  
April 2010 $24.00 Available Apr 1  
May 2010 $24.00 Available May 1