Rechel Banca
Status: Paying Back
| $225.00 | Loan Amount |
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0% repaid
About the Entrepreneur
| Name: | Rechel Banca |
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| Location: | Oroquieta City, Misamis Occidental, Philippines |
| Activity: | Personal Housing Expenses |
About the Loan
| Loan Amount: | $225.00 |
|---|---|
| Loan Use: | To make renovations to her house |
| Repayment Term: | 9 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Possible  |
| Date Listed: | Nov 1, 2009 |
| Date Disbursed: | Oct 8, 2009 |
| Date Funded: | Nov 1, 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: | 2642 |
| Total Loans: | $666,475 |
| Delinquency Rate: | 0.36% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Philippines |
|---|---|
| Avg Annual Income: | $1,175.00 |
| Currency: | Philippines Pesos (PHP) |
| Exchange Rate: | 47.4030 PHP = 1 USD |
Rechel Banca is from the town of Oroquieta. She is 20 years old, is married, and has one infant child.
Rechel owns and operates a dried-fish buy and sell business, selling dried fish in the local community. She has been engaged in her business for over a year and earns approximately 4,000 PHP a month
In 2000, Rechel 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.
Rechel is requesting a new loan of 10,000 PHP which will be used to make improvements and renovations to her house. This loan will be her 3rd 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.
About Housing Loans
Many poor families are financially unable to purchase a house that meets their needs. Housing loans funded on Kiva give families access to capital to improve their homes and an opportunity to pay loans back at a pace that they can handle. The housing and small business loans featured on Kiva share a common purpose: they alleviate conditions of poverty and enable families to lead more stable lives. Learn more
Rechel owns and operates a dried-fish buy and sell business, selling dried fish in the local community. She has been engaged in her business for over a year and earns approximately 4,000 PHP a month
In 2000, Rechel 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.
Rechel is requesting a new loan of 10,000 PHP which will be used to make improvements and renovations to her house. This loan will be her 3rd 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.
About Housing Loans
Many poor families are financially unable to purchase a house that meets their needs. Housing loans funded on Kiva give families access to capital to improve their homes and an opportunity to pay loans back at a pace that they can handle. The housing and small business loans featured on Kiva share a common purpose: they alleviate conditions of poverty and enable families to lead more stable lives. Learn more
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Journal entries for Rechel Banca
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Loan has been disbursed
Location: Oroquieta City, Misamis Occidental, Philippines
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Posted by
from Oroquieta City, Misamis Occidental, Philippines
Nov 2, 2009 |
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Comment on this entry
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Repayment Schedule for Rechel Banca
Repayment Schedule for Rechel Banca
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| January 2010 | $42.19 | Available Jan 1 | |||
| February 2010 | $35.15 | Available Feb 1 | |||
| March 2010 | $28.13 | Available Mar 1 | |||
| April 2010 | $28.12 | Available Apr 1 | |||
| May 2010 | $35.16 | Available May 1 | |||
| June 2010 | $28.13 | Available Jun 1 | |||
| July 2010 | $28.12 | Available Jul 1 | |||
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