Grace Baylosis


Status: Paying Back

$1,075.00   Loan Amount
0% repaid

About the Entrepreneur

Name: Grace Baylosis
Location: Aloran, Misamis Occidental, Philippines
Activity: Construction Supplies

About the Loan

Loan Amount: $1,075.00
Loan Use: To purchase additional inventory and to use as working capital
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Nov 1, 2009
Date Disbursed: Sep 30, 2009
Date Funded:Nov 8, 2009

About the Country

Country:Philippines
Avg Annual Income:$1,175.00
Currency:Philippines Pesos (PHP)
Exchange Rate:47.4030 PHP = 1 USD



Grace Baylosis is from the village of Palayan. She is 34 years old, is married, and has three school-aged children.

Grace owns and operates a business selling roof and construction materials in the local community. She has been engaged in her business for over three years and earns approximately 10,000 PHP a month.

In 2008, Grace joined PMPC to gain access to financial services to help improve her living situation and her ability to engage in business activities. She has successfully repaid a previous loan from PMPC.

Grace is requesting a new loan of 50,000 PHP which will be used to purchase additional inventory and used as working capital. This loan will be her 8th 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 Grace Baylosis


Loan has been disbursed
 
Entrepreneur: Grace Baylosis
Location: Aloran, Misamis Occidental, Philippines

Thank you for your loan. It has been disbursed to Grace Baylosis by Paglaum Multi-Purpose Cooperative (PMPC) in Philippines. We are excited to watch this business grow. Over the 11 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
Nov 9, 2009
Comment on this entry

Kiva Help Repayment Schedule for Grace Baylosis

  Expected Repayments Actual Repayments Comments
January 2010 $172.00 Available Jan 1  
February 2010 $107.50 Available Feb 1  
March 2010 $86.00 Available Mar 1  
April 2010 $86.00 Available Apr 1  
May 2010 $107.50 Available May 1  
June 2010 $86.00 Available Jun 1  
July 2010 $86.00 Available Jul 1  
August 2010 $107.50 Available Aug 1  
September 2010 $86.00 Available Sep 1  
October 2010 $86.00 Available Oct 1  
November 2010 $64.50 Available Nov 1