Lorena Cabrera


Status: Paying Back

$525.00   Loan Amount
0% repaid

About the Entrepreneur

Name: Lorena Cabrera
Location: Jala-jala, Rizal, Philippines
Activity: Sewing

About the Loan

Loan Amount: $525.00
Loan Use: To finance her sewing business
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Nov 4, 2009
Date Disbursed: Oct 28, 2009
Date Funded:Nov 4, 2009

About the Country

Country:Philippines
Avg Annual Income:$1,175.00
Currency:Philippines Pesos (PHP)
Exchange Rate:47.6651 PHP = 1 USD



A sad part of the life of the family of Lorena Cabrera is that their head of the family has to work faraway so as to provide for them. Lorena's husband Junarlim Cabrera, 35 years old (one year older than her), works as an overseas Filipino worker (OFW) on the other side of the world. To provide for the needs of their children, now 10 and 5 years old, Junarlim decided to work overseas because people think that there are a lot of work opportunities there. Aside from the salary of her husband, one source of their income is Loren's sewing business. She decided to run this kind of business because she knows how to sew various clothes and also, she wants to help her husband in earning income for their family.



She joined Kiva field partner Ahon sa Hirap Inc. (ASHI) in 2003 and every loan that she received has been used in improving every business that she has. Now, her 9th loan will be used in improving her sewing business; she will buy necessary things for her business such as cloth, another sewing machine, thread, needles and many more, plus transportation fares. She is hoping that after buying all of these, her business will be more productive.



The dream of Lorena for their children is to have them finish their studies until college, so that the sacrifice of their father in working abroad will not be wasted and so that they will have a better life in the future. Lorena's dream for their family is also to make their house a bigger and stronger one. Her dream for her business is to continue to grow and in time they can buy their own van that can be used in delivering finished products.


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Journal entries for Lorena Cabrera


Loan has been disbursed
 
Entrepreneur: Lorena Cabrera
Location: Jala-jala, Rizal, Philippines

Thank you for your loan. It has been disbursed to Lorena Cabrera by Ahon sa Hirap, Inc. (ASHI) in Philippines. We are excited to watch this business grow. Over the 6 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 Jala-jala, Rizal, Philippines
Nov 5, 2009
Comment on this entry

Kiva Help Repayment Schedule for Lorena Cabrera

  Expected Repayments Actual Repayments Comments
January 2010 $84.00 Available Jan 1  
February 2010 $63.00 Available Feb 1  
March 2010 $84.00 Available Mar 1  
April 2010 $84.00 Available Apr 1  
May 2010 $105.00 Available May 1  
June 2010 $84.00 Available Jun 1  
July 2010 $21.00 Available Jul 1