Mercedita Relota


Status: Paying Back

$1,075.00   Loan Amount
5% repaid

About the Entrepreneur

Name: Mercedita Relota
Location: San Jose, Antique, Philippines
Activity: Manufacturing

About the Loan

Loan Amount: $1,075.00
Loan Use: Will be used for purchases needed for her dressmaking and tailoring business.
Repayment Term: 26 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Oct 6, 2009
Date Disbursed: Sep 23, 2009
Date Funded:Oct 6, 2009

About the Country

Country:Philippines
Avg Annual Income:$1,175.00
Currency:Philippines Pesos (PHP)
Exchange Rate:46.5296 PHP = 1 USD



Mercedita Relota is one of the best members of ASHI. Aside from maintaining an excellent performance in repayment, business and attendance in ASHI, she has also maintained her attendance to the needs of her children at home and in school. Despite many challenges in her life, she never gave up fighting against poverty. Her dressmaking and tailoring business has grown and requires more capital to sustain her business. She became the producer of uniforms for one of the biggest colleges in the municipality. At the same time, the expenses have increased for her two children in college, one in high school and for her adopted child. Because of this, Mercedita requests a bigger loan through ASHI so that she can support the growth of her business and be able to meet the growing demands of her customers. Without capital Mercedita’s business will not grow and she will not be able to help her children graduate from college or help the people in her village that she employs as dressmakers. At times, her children and her husband, who is a fisherman, help her in minor processes of dressmaking.

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Journal entries for Mercedita Relota


Loan has been disbursed
 
Entrepreneur: Mercedita Relota
Location: San Jose, Antique, Philippines

Thank you for your loan. It has been disbursed to Mercedita Relota by Ahon sa Hirap, Inc. (ASHI) in Philippines. We are excited to watch this business grow. Over the 23 months of this loan, Ahon sa Hirap, Inc. (ASHI) will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from San Jose, Antique, Philippines
Oct 7, 2009
Comment on this entry

Loan Utilization Check (LUC) report
 
Entrepreneur: Mercedita Relota
Location: San Jose, Antique, Philippines

Mercedita Relota is very much thankful to ASHI and to all the people who funded her loan through KIVA. Because of that loan, she was able to supplement the needs of her business for growing especially at this months of November until December wherein her business is at its peak. She purchased necessary materials for sewing and cloth for the school uniforms worth Php39,000. Aside from the purchases she made out of her loan, she has also able to set aside some amount that will serve as her revolving fund for the business.


Posted by Emmeline Ardeno from San Jose, Antique, Philippines
Nov 15, 2009
Comment on this entry

Kiva Help Repayment Schedule for Mercedita Relota

  Expected Repayments Actual Repayments Comments
December 2009 $53.75 $53.75 Repayment Received
January 2010 $43.00 Available Jan 1  
February 2010 $32.25 Available Feb 1  
March 2010 $43.00 Available Mar 1  
April 2010 $43.00 Available Apr 1  
May 2010 $53.75 Available May 1  
June 2010 $43.00 Available Jun 1  
July 2010 $43.00 Available Jul 1  
August 2010 $53.75 Available Aug 1  
September 2010 $43.00 Available Sep 1  
October 2010 $43.00 Available Oct 1  
November 2010 $53.75 Available Nov 1  
December 2010 $43.00 Available Dec 1  
January 2011 $43.00 Available Jan 1  
February 2011 $32.25 Available Feb 1  
March 2011 $43.00 Available Mar 1  
April 2011 $43.00 Available Apr 1  
May 2011 $53.75 Available May 1  
June 2011 $43.00 Available Jun 1  
July 2011 $43.00 Available Jul 1  
August 2011 $53.75 Available Aug 1  
September 2011 $43.00 Available Sep 1  
October 2011 $53.75 Available Oct 1  
November 2011 $32.25 Available Nov 1