Almend Caay


Status: Paying Back

$425.00   Loan Amount
13% repaid

About the Entrepreneur

Name: Almend Caay
Location: Guinabot,sapang Dalaga, Philippines
Activity: General Store

About the Loan

Loan Amount: $425.00
Loan Use: Additional Capital of her retail store
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Oct 24, 2009
Date Disbursed: Sep 29, 2009
Date Funded:Oct 25, 2009

About the Country

Country:Philippines
Avg Annual Income:$1,175.00
Currency:Philippines Pesos (PHP)
Exchange Rate:47.1228 PHP = 1 USD



Almend is from the village of Brgy. Guinabot, Sapang Dalaga, Misamis Occidental. She is 35 years old. Almend is married and has 2 school-aged children. To make a living, Almend owns & operates a business venture in the food sector operating a retail store. While not the only means for generating revenue, the main source of income for the business comes primarily from selling a variety of goods in the local community.Almend has been engaged in her business for more than 8 years. In 2005, Almend joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities.Almend is requesting a new loan of 20,000.00 PHP which will be used to purchase additional capital of her existing business. This loan will be the 7th loan taken out by Almend from PMPC. She plans to use the additional revenue generated from the business to financially support immediate members of the borrower's family.
About PMPC: Paglaum 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. *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 Almend Caay


Loan has been disbursed
 
Entrepreneur: Almend Caay
Location: Guinabot,sapang Dalaga, Philippines

Thank you for your loan. It has been disbursed to Almend Caay by Paglaum Multi-Purpose Cooperative (PMPC) in Philippines. We are excited to watch this business grow. Over the 3 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 Guinabot,sapang Dalaga, Philippines
Oct 26, 2009
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Kiva Help Repayment Schedule for Almend Caay

  Expected Repayments Actual Repayments Comments
December 2009 $0.00 $55.25  
January 2010 $212.50 Available Jan 1  
February 2010 $170.00 Available Feb 1  
March 2010 $42.50 Available Mar 1