Norma Osal


Status: Paying Back

$325.00   Loan Amount
10% repaid

About the Entrepreneur

Name: Norma Osal
Location: Culasi, Antique, Philippines
Activity: Motorcycle Transport

About the Loan

Loan Amount: $325.00
Loan Use: To buy sidecar for her motorcycle
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Oct 12, 2009
Date Disbursed: Sep 21, 2009
Date Funded:Oct 12, 2009

About the Country

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



Norma Osal is an independent woman who is 56 years old. She lost her husband a long time ago and all of her children are working in Manila and have their own families now.

Aside from her intention of having the opportunity to obtain a loan to be able to put up a business, Norma joined ASHI in 2008 because she wanted to meet a lot of people, make friends, and be able to belong to the association of women that has a common goal in life, which is to rise above poverty. Her capacity and courage in running a business all by herself was inspired by her fellow women in ASHI.

After having started her small business through a loan she had requested, now Norma is requesting a much larger loan which will enable her to grow her motorcycle-for-hire business. With the amount she is requesting she plans to purchase a sidecar to be attached to her motorcycle to make it a tricycle-for-hire business.

For Norma, her business is her life, and the loan she obtains is her source of life. This has been her support to be able to buy her food and live independently. She wants her children not to be bothered about her and she wants to live her live productively by helping her children and grandchildren someday.


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Journal entries for Norma Osal


Loan has been disbursed
 
Entrepreneur: Norma Osal
Location: Culasi, Antique, Philippines

Thank you for your loan. It has been disbursed to Norma Osal 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 Culasi, Antique, Philippines
Oct 13, 2009
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Kiva Help Repayment Schedule for Norma Osal

  Expected Repayments Actual Repayments Comments
December 2009 $32.50 $32.50 Repayment Received
January 2010 $32.50 Available Jan 1  
February 2010 $13.00 Available Feb 1  
March 2010 $26.00 Available Mar 1  
April 2010 $26.00 Available Apr 1  
May 2010 $32.50 Available May 1  
June 2010 $26.00 Available Jun 1  
July 2010 $32.50 Available Jul 1  
August 2010 $26.00 Available Aug 1  
September 2010 $26.00 Available Sep 1  
October 2010 $32.50 Available Oct 1  
November 2010 $19.50 Available Nov 1