Marjoren Tompong


Status: Paying Back

$425.00   Loan Amount
0% repaid

About the Entrepreneur

Name: Marjoren Tompong
Location: Lopez Jaena, Misamis Occidental, Philippines
Activity: General Store

About the Loan

Loan Amount: $425.00
Loan Use: To purchase additional inventory and to use as working capital
Repayment Term: 12 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Nov 1, 2009
Date Disbursed: Oct 23, 2009
Date Funded:Nov 8, 2009

About the Country

Country:Philippines
Avg Annual Income:$1,175.00
Currency:Philippines Pesos (PHP)
Exchange Rate:47.7000 PHP = 1 USD



Marjoren Tompong is from the village of Biasong. She is 30 years old, is married, and has two school-aged children.

Marjoren owns and operates a general store, selling a variety of different products in the local community. She has been engaged in her business for over a year and earns approximately 4,000 PHP a month.

In 2008, Marjoren 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 15,000 PHP from PMPC. This previous loan was used to to purchase additional products to sell.

Marjoren is requesting a new loan of 20,000 PHP which will be used to purchase additional inventory and used as working capital. This loan will be her 4th 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 Marjoren Tompong


Loan has been disbursed
 
Entrepreneur: Marjoren Tompong
Location: Lopez Jaena, Misamis Occidental, Philippines

Thank you for your loan. It has been disbursed to Marjoren Tompong 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 Lopez Jaena, Misamis Occidental, Philippines
Nov 9, 2009
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Kiva Help Repayment Schedule for Marjoren Tompong

  Expected Repayments Actual Repayments Comments
January 2010 $31.88 Available Jan 1  
February 2010 $53.12 Available Feb 1  
March 2010 $42.50 Available Mar 1  
April 2010 $42.50 Available Apr 1  
May 2010 $53.13 Available May 1  
June 2010 $42.50 Available Jun 1  
July 2010 $42.50 Available Jul 1  
August 2010 $53.12 Available Aug 1  
September 2010 $42.50 Available Sep 1  
October 2010 $21.25 Available Oct 1