Maryjane Cruz


Status: Paying Back

$625.00   Loan Amount
0% repaid

About the Entrepreneur

Name: Maryjane Cruz
Location: Parog-parog Solana, Cagayan, Philippines
Activity: Farming

About the Loan

Loan Amount: $625.00
Loan Use: Additional capital for her farming business
Repayment Term: 7 months - View details below
Lenders Repaid: At end of term
Currency Exchange Loss: Possible
Date Listed: Oct 16, 2009
Date Disbursed: Sep 24, 2009
Date Funded:Oct 16, 2009

About the Country

Country:Philippines
Avg Annual Income:$1,175.00
Currency:Philippines Pesos (PHP)
Exchange Rate:46.1500 PHP = 1 USD



"Plant today and tomorrow you will reap.” This is the guiding principle of Maryjane of Barangay Parog Parog Solana, province of Cagayan. She is married and has three children. Princess Camille Faye, 10, is a grade 5 pupil. Krista Mae, 9, is a grade 3 pupil. Reanna Marie Angelca is 2 years old. Despite the hardships in life, they work hard to support the needs of their children in order to have a better future to raise their own family.

Farming is their main source of income. They plant rice and vegetables on their farm twice a year. In addition, Maryjane manages her hog raising business for additional source of income.

Maryjane wants to borrow PHP 28,000.00 to use as additional capital for their farm. She will use the loan for her crops and also for the maintenance of their hog raising business. She is glad that she can earn a net income of PHP 25,000 during harvest season and an additional Php3,000 in her hog raising business. They budget her income for daily basic needs of their children, and for the payment of her loan amortizations.


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Journal entries for Maryjane Cruz


Loan has been disbursed
 
Entrepreneur: Maryjane Cruz
Location: Parog-parog Solana, Cagayan, Philippines

Thank you for your loan. It has been disbursed to Maryjane Cruz 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 Parog-parog Solana, Cagayan, Philippines
Oct 17, 2009
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Kiva Help Repayment Schedule for Maryjane Cruz

  Expected Repayments Actual Repayments Comments
April 2010 $625.00 Available Apr 1