Arnel Tejero


Status: Paying Back

$325.00   Loan Amount
12% repaid

About the Entrepreneur

Name: Arnel Tejero
Location: Aloran, Misamis Occidental, Philippines
Activity: Vehicle Repairs

About the Loan

Loan Amount: $325.00
Loan Use: To purchase additional inventory and use as working capital
Repayment Term: 10 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Oct 22, 2009
Date Disbursed: Sep 29, 2009
Date Funded:Oct 22, 2009

About the Country

Country:Philippines
Avg Annual Income:$1,175.00
Currency:Philippines Pesos (PHP)
Exchange Rate:46.4900 PHP = 1 USD



Arnel Tejero is from the village of Dullan. He is 31 years old. Arnel is married. To make a living, Arnel owns and operates a boat repair business where he provides repair services to local community members. Arnel has been engaged in his business for over 1 year and earns approximately 2000 PHP a month for these activities.

In 2008, Arnel joined PMPC to gain access to financial services to help improve his living situation and ability to engage in business activities. Arnel has successfully repaid a previous loan from PMPC. Arnel is requesting a new loan of 14900 PHP which will be used to purchase additional inventory & working capital. This will be Arnel's 6th loan from PMPC. He plans to use the additional revenue generated from the business to improve his family's living conditions.

About PMPC:\n\nPaglaum Multi-Purpose Cooperative (PMPC is one of the most progressive cooperatives in northwestern Mindanao. It reaches out to the rural poor using the Grameen model.\n\n*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, Kiva created this template for our Field Partner to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.

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Journal entries for Arnel Tejero


Loan has been disbursed
 
Entrepreneur: Arnel Tejero
Location: Aloran, Misamis Occidental, Philippines

Thank you for your loan. It has been disbursed to Arnel Tejero by Paglaum Multi-Purpose Cooperative (PMPC) in Philippines. We are excited to watch this business grow. Over the 7 months of this loan, Paglaum Multi-Purpose Cooperative (PMPC) will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Aloran, Misamis Occidental, Philippines
Oct 23, 2009
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Kiva Help Repayment Schedule for Arnel Tejero

  Expected Repayments Actual Repayments Comments
December 2009 $40.63 $40.63 Repayment Received
January 2010 $50.78 Available Jan 1  
February 2010 $40.62 Available Feb 1  
March 2010 $40.63 Available Mar 1  
April 2010 $40.62 Available Apr 1  
May 2010 $50.79 Available May 1  
June 2010 $40.62 Available Jun 1  
July 2010 $20.31 Available Jul 1