Genie Tabarangao


Status: Paying Back

$525.00   Loan Amount
16% repaid

About the Entrepreneur

Name: Genie Tabarangao
Location: Caloocan City, Philippines
Activity: General Store

About the Loan

Loan Amount: $525.00
Loan Use: additional capital
Repayment Term: 7 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Oct 16, 2009
Date Disbursed: Oct 1, 2009
Date Funded:Oct 17, 2009

About the Country

Country:Philippines
Avg Annual Income:$1,175.00
Currency:Philippines Pesos (PHP)
Exchange Rate:46.2600 PHP = 1 USD



This is Genie Tabarangao, 56-year-old store owner from Tala, Caloocan City. She has four grown-up children. Her husband Roel, 59, is a government employee.



Genie has been in business for twelve years already. She manages her own sari-sari (general) store located at their house. On a daily basis, she makes more than P 1,000. She saves most of her profits in preparation for her husband’s retirement from work.



In 2005, she came to know the Center for Community Transformation (CCT) Credit Cooperative and eventually became a member. She enjoys attending its weekly meetings for women entrepreneurs. Genie has applied for a new loan with the cooperative in the amount of P 24,000 as additional capital for her store.



Genie says she couldn’t ask for more because all her children are already independently working for themselves. She has all her time to attend to her husband and her store.





About CCT




The Center for Community Transformation (CCT) is an organized Christian response against poverty and social injustice. This is carried out through the fusion of social development initiatives and evangelical mission in a uniquely Filipino context. It serves urban and rural poor communities throughout the Philippines, in pursuit of its desire to see changed lives, strong families, and transformed communities centered in the Lordship of Jesus Christ.


CCT is a member of the Five Talents family.



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Journal entries for Genie Tabarangao


Loan has been disbursed
 
Entrepreneur: Genie Tabarangao
Location: Caloocan City, Philippines

Thank you for your loan. It has been disbursed to Genie Tabarangao by Center for Community Transformation Credit Cooperative (CCT) in Philippines. We are excited to watch this business grow. Over the 5 months of this loan, Center for Community Transformation Credit Cooperative (CCT) will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Caloocan City, Philippines
Oct 18, 2009
Comment on this entry

A "Beautiful" Borrower Profile: Video Update on Genie
 
Entrepreneur: Genie Tabarangao
Location: Caloocan City, Philippines

The Kiva loan granted to Genie was a huge help for the convenience store. Most of the loan was used to buy inventory like toiletries, laundry soaps, food items like rice, canned goods, powdered milk, cocoa and powdered juices. Then she used 10% of the loan on electronic cellular phone load for different networks, which she will resell to customers. She hopes to some day further expand her business into the cellular phone load market.

Genie has an Internet connection in her house and her daughter, who works at a call center, was able to help her find her profile on Kiva.org. Both of them were floored and screamed in excitement when seeing the profile online (check out the video, the screams were right before filming). Genie thought her profile was “beautiful.” She is thankful for her Kiva loan.

She has no problems making her loan payments and no issues at her business. Genie often takes care of her granddaughter, which often gets in the way of her store. If she is taking her to school, she must close the store temporarily.

If you would like to support CCT, join our new lending team:

http://www.kiva.org/community/viewTeam?team_id=9184

For more information on CCT, please visit: http://www.kiva.org/about/aboutPartner?id=144


Posted by Prem Thomas from Caloocan City, Philippines
Nov 9, 2009
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Kiva Help Repayment Schedule for Genie Tabarangao

  Expected Repayments Actual Repayments Comments
December 2009 $87.50 $87.50 Repayment Received
January 2010 $87.50 Available Jan 1  
February 2010 $109.38 Available Feb 1  
March 2010 $87.50 Available Mar 1  
April 2010 $87.50 Available Apr 1  
May 2010 $65.62 Available May 1