Rosefemar Dela Cruz


Status: Paying Back

$1,100.00   Loan Amount
25% repaid

About the Entrepreneur

Name: Rosefemar Dela Cruz
Location: Mapalad San Agustin, Philippines
Activity: General Store

About the Loan

Loan Amount: $1,100.00
Loan Use: Additional capital for purchasing more items for her store
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Oct 14, 2009
Date Disbursed: Sep 23, 2009
Date Funded:Oct 15, 2009

About the Country

Country:Philippines
Avg Annual Income:$1,175.00
Currency:Philippines Pesos (PHP)
Exchange Rate:46.4200 PHP = 1 USD



Rosefemar, 29 years old, is married to Franklin Dela Cruz. She is blessed with a son named Red Mar Francis, who is five years old. Her husband is an OFW, or Overseas Factory Worker. Rosefemar stands in as father and mother to her son, due to the absence of her husband.


Rosefemar manages a grocery store and veterinary-product store in the village of Mapalad San Agustin. According to her, the business she’s managing is improving, but she still needs to continue what she has started. In this regard, she is requesting additional capital amounting 50,000 PHP, which will be utilized for business improvement. Rosefemar hopes that she will be able to get the loan amount that she is requesting to be able to purchase more items for her store.


Rosefemar says that “Through patience and humility you can attain success in life.” She also prays that God will continue to guide her in managing her grocery store for her family's needs. Her first business focused only on veterinary products, but nowadays she has another kind of business, which is a grocery store. Through the income she generates in her business, and the support given by her husband, she has been able to put up her grocery store. She hopes that her business will expand.



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Journal entries for Rosefemar Dela Cruz


Loan has been disbursed
 
Entrepreneur: Rosefemar Dela Cruz
Location: Mapalad San Agustin, Philippines

Thank you for your loan. It has been disbursed to Rosefemar Dela Cruz by Alalay sa Kaunlaran, Inc. (ASKI) in Philippines. We are excited to watch this business grow. Over the 4 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 Mapalad San Agustin, Philippines
Oct 16, 2009
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Kiva Help Repayment Schedule for Rosefemar Dela Cruz

  Expected Repayments Actual Repayments Comments
December 2009 $275.00 $275.00 Repayment Received
January 2010 $275.00 Available Jan 1  
February 2010 $275.00 Available Feb 1  
March 2010 $275.00 Available Mar 1