Rosenda Ga-as

Status: Paying Back

$325
Loan Request
Pre-Disbursed : Sep 30, 2009
Listed: Nov 1, 2009
Funded: Nov 1, 2009
80% repaid

About the Country

Country:Philippines
Avg Annual Income:$1175
Currency:Philippines Pesos (PHP)
Exchange Rate:47.7000 PHP = 1 USD


About the Loan

Location: Oroquieta City, Misamis Occidental, Philippines   Repayment Term: 12 months
(more info)
Activity: Dental   Repayment Schedule: Monthly
Loan Use: To purchase additional inventory and to use as working capital   Currency Exchange Loss: Possible
      Default Protection: Covered
Rosenda Ga-as is from the village of Tipan. She is 50 years old, is married, and has two adult children.

Rosenda owns and operates a manufacturing business making false teeth in the local community. She has been engaged in her business for over eight years and earns approximately 8,000 PHP a month.

In 2001, Rosenda 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 of 10,000 PHP from PMPC.

Rosenda is requesting a new loan of 14,900 PHP which will be used to purchase additional inventory and used as working capital. 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 Rosenda Ga-as


Loan has been disbursed
 
Entrepreneur: Rosenda Ga-as
Location: Oroquieta City, Misamis Occidental, Philippines

Thank you for your loan. It has been disbursed to Rosenda Ga-as by Paglaum Multi-Purpose Cooperative (PMPC) in Philippines. We are excited to watch this business grow. Over the 9 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 Oroquieta City, Misamis Occidental, Philippines
Nov 2, 2009
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Kiva Help Repayment Schedule for Rosenda Ga-as

  Expected Repayments Actual Repayments Comments
January 2010 $65.00 $260.04 Repayment Received
February 2010 $32.50 $0.00 Repayment Received
March 2010 $32.50 Available Mar 1 Repayment Received
April 2010 $32.50 Available Apr 1 Repayment Received
May 2010 $40.63 Available May 1 Repayment Received
June 2010 $32.50 Available Jun 1 Repayment Received
July 2010 $40.62 Available Jul 1  
August 2010 $32.50 Available Aug 1  
September 2010 $16.25 Available Sep 1