Merlyn Delsocora


Status: Paying Back

$125.00   Loan Amount
15% repaid

About the Entrepreneur

Name: Merlyn Delsocora
Location: Lilingayon, Valencia City, Philippines
Activity: Bookstore

About the Loan

Loan Amount: $125.00
Loan Use: to purchase additional products to sell
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Oct 20, 2009
Date Disbursed: Oct 7, 2009
Date Funded:Oct 20, 2009

About the Country

Country:Philippines
Avg Annual Income:$1,175.00
Currency:Philippines Pesos (PHP)
Exchange Rate:46.8950 PHP = 1 USD



Merlyn Delsocora is from the village of Lilingayon, Valencia City. She is 55 years old. Merlyn is married and has 5 adult children. To make a living, Merlyn owns and operates a specialized retail business. The main source of income for the business comes from selling books to customers. Merlyn has been engaged in her business for over 3 years and earns approximately 7,000 PHP a month for these activities.



In 2009, Merlyn joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Merlyn is requesting a loan of 5,000 PHP which will be used to purchase additional products to sell. This will be the 1st loan taken out by Merlyn from HSPFI. She plans to use the additional revenue generated from the business to supplement the income of the family.



About HSPFI:


HSPFI is an accredited partner of Opportunity International in the Philippines. It is based in Cagayan de Oro City and reaches out to the poor households of Northern Mindanao.



*Note: To maximize efficiency and reduce costs, this loan was posted using a template to automate the translation by Kiva. Given that manual translation of entrepreneur profiles is costly, we created this template for our field staff to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.



Important Information About This Loan
To join the HSPFI Lending Team please click on the link: http://www.kiva.org/team/hspfi


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Journal entries for Merlyn Delsocora


Loan has been disbursed
 
Entrepreneur: Merlyn Delsocora
Location: Lilingayon, Valencia City, Philippines

Thank you for your loan. It has been disbursed to Merlyn Delsocora by Hagdan sa Pag-uswag Foundation, Inc. (HSPFI) in Philippines. We are excited to watch this business grow. Over the 4 months of this loan, Hagdan sa Pag-uswag Foundation, Inc. (HSPFI) will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Lilingayon, Valencia City, Philippines
Oct 21, 2009
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Kiva Help Repayment Schedule for Merlyn Delsocora

  Expected Repayments Actual Repayments Comments
December 2009 $18.75 $18.75 Repayment Received
January 2010 $25.00 Available Jan 1  
February 2010 $31.25 Available Feb 1  
March 2010 $25.00 Available Mar 1  
April 2010 $25.00 Available Apr 1