Lina Morequio
Status: Paying Back
| $425.00 | Loan Amount |
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2% repaid
About the Entrepreneur
| Name: | Lina Morequio |
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| Location: | Danao, Plaridel, Misamis Occidental, Philippines |
| Activity: | General Store |
About the Loan
| Loan Amount: | $425.00 |
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| Loan Use: | To purchase additional inventory & working capital |
| Repayment Term: | 12 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Possible  |
| Date Listed: | Oct 27, 2009 |
| Date Disbursed: | Oct 14, 2009 |
| Date Funded: | Oct 27, 2009 |
About the Field Partner
About the Field Partner
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| Field Partner: | Paglaum Multi-Purpose Cooperative (PMPC) |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 12 months |
| Kiva Entrepreneurs: | 2624 |
| Total Loans: | $662,300 |
| Delinquency Rate: | 0.37% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Philippines |
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| Avg Annual Income: | $1,175.00 |
| Currency: | Philippines Pesos (PHP) |
| Exchange Rate: | 47.1250 PHP = 1 USD |
Lina Morequio is from the village of Danao. She is 34 years old. Lina is single. To make a living, Lina owns & operates a general store, selling a variety of different products in the local community. Lina has been engaged in her business for over one year and earns approximately 5,000 PHP a month for these activities.
In 2001, Lina joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Lina has successfully repaid a previous loan of 20,000 PHP from PMPC. This previous loan was used to purchase new items to expand her product offering. Lina is requesting a new loan of 20000 PHP, which will be used to purchase additional inventory & working capital. This loan will be the 12th loan taken out by Lina from PMPC. She plans to use the additional revenue generated from the business to improve the general living conditions of her 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.
In 2001, Lina joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Lina has successfully repaid a previous loan of 20,000 PHP from PMPC. This previous loan was used to purchase new items to expand her product offering. Lina is requesting a new loan of 20000 PHP, which will be used to purchase additional inventory & working capital. This loan will be the 12th loan taken out by Lina from PMPC. She plans to use the additional revenue generated from the business to improve the general living conditions of her 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 Lina Morequio
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Loan has been disbursed
Location: Danao, Plaridel, Misamis Occidental, Philippines
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Posted by
from Danao, Plaridel, Misamis Occidental, Philippines
Oct 28, 2009 |
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Comment on this entry
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Repayment Schedule for Lina Morequio
Repayment Schedule for Lina Morequio
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| December 2009 | $0.00 | $8.50 | |||
| January 2010 | $53.13 | Available Jan 1 | |||
| February 2010 | $42.50 | Available Feb 1 | |||
| March 2010 | $42.50 | Available Mar 1 | |||
| April 2010 | $42.50 | Available Apr 1 | |||
| May 2010 | $53.12 | Available May 1 | |||
| June 2010 | $42.50 | Available Jun 1 | |||
| July 2010 | $53.13 | Available Jul 1 | |||
| August 2010 | $42.50 | Available Aug 1 | |||
| September 2010 | $42.50 | Available Sep 1 | |||
| October 2010 | $10.62 | Available Oct 1 | |||
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