Elizabeth Cerda


Status: Paying Back

$450.00   Loan Amount
10% repaid

About the Entrepreneur

Name: Elizabeth Cerda
Location: Binangonan, Rizal, Philippines
Activity: Fishing

About the Loan

Loan Amount: $450.00
Loan Use: Additional capital for her fishing business
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Oct 10, 2009
Date Disbursed: Sep 21, 2009
Date Funded:Oct 10, 2009

About the Country

Country:Philippines
Avg Annual Income:$1,175.00
Currency:Philippines Pesos (PHP)
Exchange Rate:46.5350 PHP = 1 USD



Elizabeth Cerda, 32, is one year older than her husband, Adrian Cerda. They have three children: Andrea Eliz, 10; Ariane, 8; and Aubrey, 1. These three little angels have been their inspiration to rise above poverty. As parents, they want to give their children a better future through education. That’s why she is helping her husband in earning income for their daily expenses. They have a fishing business. Her husband is the one who focuses on the business, while she helps him in his activities.

According to Elizabeth, her loan from Kiva field partner Ahon sa Hirap Inc. (ASHI) has helped them a lot in improving their business. Since she became a member, her income from her business has increased, and now they have more capital to buy daily necessities. She will use her 5th loan again to buy things needed in expanding their fish cage.

Elizabeth together with her husband hopes that their children will finish their studies; they believe in the saying "Education is the key to success." They hope that someday their children will take the initiative to make their house bigger and better.

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Lenders to this entrepreneur

Nobuhiko
Tokyo,
Japan

Anonymous
Central, -
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John
Boston, MA
United States

chris
toronto, Ontario
Canada

Lynn
New York
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Laurent D
Brussels,
Belgium

Chad
Markham, Ontario
Canada

Alejandro
Shanghai, Shanghai
China

Jill
Kansas City, KS
United States

Howard &Margaret
Portland, OR
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Craig & Ameeta
Northfield, MN
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Caroline
Dallas, PA
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Shelly
Bellingham, WA
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Olivier
Avignon,
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Calum
Tampa, FL
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Giovanna
Oakland, CA
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Top Lending Teams for this entrepreneur


Team Europe
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PHPeople
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KivaFriends.org
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957 Members

Team Japan
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Journal entries for Elizabeth Cerda


Loan has been disbursed
 
Entrepreneur: Elizabeth Cerda
Location: Binangonan, Rizal, Philippines

Thank you for your loan. It has been disbursed to Elizabeth Cerda by Ahon sa Hirap, Inc. (ASHI) in Philippines. We are excited to watch this business grow. Over the 11 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 Binangonan, Rizal, Philippines
Oct 11, 2009
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Loan Utilization Check (LUC) Report
 
Entrepreneur: Elizabeth Cerda
Location: Binangonan, Rizal, Philippines

After the entrance of Typhoon Ondoy to the area of the Philippines which caused a big damage to a hundred thousand people, Kiva field partner Ahon sa Hirap Inc. (ASHI) visited all their member living in the place where ravaged by Typhoon Ondoy. It is the place like Rizal and Laguna. Most of the member living there is really affected by what happen. Some of them lost their houses because of flood, lost their means of living, and worst lost one or more member of their family. If you see by your own eyes the situation there of the people you could tell to yourself at that time that I’m a lucky one and you really feel sorry for them, you might think that if there’s anything you can do just to help them. ASHI lend a helping hand for them in a little way like giving food which is what they really needed by now.

One of this is the family of Elizabeth Cerda. As the time of visit of ASHI in their place their house is still flooded. They never leave their house because aside from they don’t want to abandon the house she and her family there’s no place to go. That’s why at that moment they really need food especially her three little children. And the thing that Elizabeth is crying for is that her business which is fishing is really damage by the Typhoon Ondoy. Their fish cage is broke by the big waves and strong wind in the sea. The sad part on it is all the loan that she received from ASHI is used in expanding the fish cage. All their money and effort spend on it are all wasted. Now Elizabeth and her family really don’t know where to start in order to survive. But Elizabeth never lose hope, she is sure that God will guide them to what to do.

ASHI management and staff talk about what they can do to help all affected Nanay (this is how they call all their member. Nanay means Mother). Those are now suffering after experiencing that bad incident. One solution that they decided is the two weeks suspension for the repayment of every member, this take place the week after the tragedy cause by Typhoon Ondoy. One thing that ASHI will talk about is the recovery loan (RECOVERY LOAN PROGRAM which designed specific for victims of calamity where houses and projects were completely and partially devastated) that will give to the member in order for them to rebuild their lost means of living. This is for discussion; if the member really needs it and it will really help them ASHI will not think twice to give them this kind of loan.


Posted by Noritess Viclar from Binangonan, Rizal, Philippines
Oct 20, 2009
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Kiva Help Repayment Schedule for Elizabeth Cerda

  Expected Repayments Actual Repayments Comments
December 2009 $45.00 $45.00 Repayment Received
January 2010 $45.00 Available Jan 1  
February 2010 $18.00 Available Feb 1  
March 2010 $36.00 Available Mar 1  
April 2010 $36.00 Available Apr 1  
May 2010 $45.00 Available May 1  
June 2010 $36.00 Available Jun 1  
July 2010 $45.00 Available Jul 1  
August 2010 $36.00 Available Aug 1  
September 2010 $36.00 Available Sep 1  
October 2010 $45.00 Available Oct 1  
November 2010 $27.00 Available Nov 1