Herminia Cequena


Status: Paying Back

$325.00   Loan Amount
4% repaid

About the Entrepreneur

Name: Herminia Cequena
Location: Binangonan, Rizal, Philippines
Activity: Fishing

About the Loan

Loan Amount: $325.00
Loan Use: To rebuild their fishing business.
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Oct 29, 2009
Date Disbursed: Oct 19, 2009
Date Funded:Oct 29, 2009

About the Country

Country:Philippines
Avg Annual Income:$1,175.00
Currency:Philippines Pesos (PHP)
Exchange Rate:47.2108 PHP = 1 USD



Herminia Cequena is a 44 year-old mother of four children. She is married to Rafael Cequena who is 51 years-old. Rafael Jr., 23, Lyn, 22, Liza, 20, and Jeffrey, 15, are their children. Their main source of income is from their fishing business and because her husband is a fisherman he manages it well. This business received intense damage when Typhoon Ondoy entered their area of the Philippines. However, Herminia and her husband still believe that they can rebuild their business. Since this business is their main source of income aside from their bamboo set making business they really need to start it again and improve it.


They will start rebuilding their business using the loan they hope to receive from Kiva field partner Ahon sa Hirap Inc. (ASHI). She will use this to buy the essentials such as fishnets, bamboo, accessories for the fishnets and more. Herminia is praying to God that what happened to their business will never happen again and no storm will again visit the Philippines.


One dream of Herminia is that her business will become successful so that their life will improve and they will be able to renovate their house in order for them to live a comfortable life.


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Journal entries for Herminia Cequena


Loan has been disbursed
 
Entrepreneur: Herminia Cequena
Location: Binangonan, Rizal, Philippines

Thank you for your loan. It has been disbursed to Herminia Cequena by Ahon sa Hirap, Inc. (ASHI) in Philippines. We are excited to watch this business grow. Over the 11 months of this loan, Ahon sa Hirap, Inc. (ASHI) will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Binangonan, Rizal, Philippines
Oct 30, 2009
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Kiva Help Repayment Schedule for Herminia Cequena

  Expected Repayments Actual Repayments Comments
December 2009 $6.50 $13.00 Repayment Received
January 2010 $32.50 Available Jan 1  
February 2010 $13.00 Available Feb 1  
March 2010 $26.00 Available Mar 1  
April 2010 $26.00 Available Apr 1  
May 2010 $32.50 Available May 1  
June 2010 $26.00 Available Jun 1  
July 2010 $32.50 Available Jul 1  
August 2010 $26.00 Available Aug 1  
September 2010 $26.00 Available Sep 1  
October 2010 $32.50 Available Oct 1  
November 2010 $26.00 Available Nov 1  
December 2010 $19.50 Available Dec 1