Erlinda Velasco


Status: Paying Back

$450.00   Loan Amount
29% repaid

About the Entrepreneur

Name: Erlinda Velasco
Location: Research Minante 1, Cauayan City, Philippines
Activity: Home Products Sales

About the Loan

Loan Amount: $450.00
Loan Use: To use as additional capital for her business
Repayment Term: 7 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Oct 9, 2009
Date Disbursed: Sep 14, 2009
Date Funded:Oct 10, 2009

About the Country

Country:Philippines
Avg Annual Income:$1,175.00
Currency:Philippines Pesos (PHP)
Exchange Rate:46.4504 PHP = 1 USD



Erlinda is engaged in selling bamboo (buho), cogon (grass used for thatching roofs), and charcoal. Some of the items that she sells are woven products and she sells them at a retail price. To further improve her business, Erlinda is requesting a loan from Kiva lenders amounting to PHP 20,000 to have additional capital to enable her business to grow.

Erlinda lives in Barangay Research Minante 1, Cauayan City, a simple and semi-urban area. She is married to Ruben, a truck driver in Cauayan. They do not have their own child so they adopted one.

Erlinda’s requested loan will help her improve her current business and will assist her husband in providing for their family needs since they don’t have other sources of income. Her goal in life is to “work hard, be patient, and learn how to wait for the right turn”.


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Journal entries for Erlinda Velasco


Loan has been disbursed
 
Entrepreneur: Erlinda Velasco
Location: Research Minante 1, Cauayan City, Philippines

Thank you for your loan. It has been disbursed to Erlinda Velasco 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 Research Minante 1, Cauayan City, Philippines
Oct 11, 2009
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Kiva Help Repayment Schedule for Erlinda Velasco

  Expected Repayments Actual Repayments Comments
December 2009 $131.36 $131.36 Repayment Received
January 2010 $75.06 Available Jan 1  
February 2010 $93.82 Available Feb 1  
March 2010 $75.06 Available Mar 1  
April 2010 $74.70 Available Apr 1