Febelyn Valdez


Status: Paying Back

$175.00   Loan Amount
20% repaid

About the Entrepreneur

Name: Febelyn Valdez
Location: Nueva Vizcaya, Philippines
Activity: Motorcycle Transport

About the Loan

Loan Amount: $175.00
Loan Use: maintaining her tricycle
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Oct 21, 2009
Date Disbursed: Sep 22, 2009
Date Funded:Oct 21, 2009

About the Country

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



Febelyn is a young mother who lives in a village located at Barangay Pieza, Villaverde, Nueva Vizcaya. She is 21 years old. Because of her early marriage, she only completed a secondary level of education. She is married to Jeffrey Valdez; they are blessed with a child named Eunice Valdez. It is difficult for them to earn a living because they have no stable job.

Her husband cultivates their parcel of land by planting rice and some vegetables while Febelyn uses their tricycle to earn income. Through her patience and sacrifices, she earns a minimum income of PHP 200 per day. She utilizes this to acquire their daily basic needs and to save for the future of their child. Due to the high cost of commodities, she needs to earn more income to meet their daily needs. Consequently, she wants to borrow additional capital from ASKI, amounting to PHP 7,000. It will be used for the maintenance of their tricycle. She is very grateful for this financial assistance because it will allow her to use her tricycle continuously and thus improve their living conditions.


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Journal entries for Febelyn Valdez


Loan has been disbursed
 
Entrepreneur: Febelyn Valdez
Location: Nueva Vizcaya, Philippines

Thank you for your loan. It has been disbursed to Febelyn Valdez 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 Nueva Vizcaya, Philippines
Oct 22, 2009
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Kiva Help Repayment Schedule for Febelyn Valdez

  Expected Repayments Actual Repayments Comments
December 2009 $36.46 $36.46 Repayment Received
January 2010 $29.17 Available Jan 1  
February 2010 $36.45 Available Feb 1  
March 2010 $29.17 Available Mar 1  
April 2010 $29.17 Available Apr 1  
May 2010 $14.58 Available May 1