Josephine Ruel


Status: Paying Back

$275.00   Loan Amount
0% repaid

About the Entrepreneur

Name: Josephine Ruel
Location: Asluman Hamtic, Antique, Philippines
Activity: Goods Distribution

About the Loan

Loan Amount: $275.00
Loan Use: a large quantity of 'nipa' shingles to sell and piglets for hog fattening
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Nov 4, 2009
Date Disbursed: Oct 8, 2009
Date Funded:Nov 5, 2009

About the Country

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



Josephine Ruel has been a member of ASHI since 2007. The loans she has accessed since then were the main source of capital for starting and sustaining a business. The proceeds of her hog fattening (pig raising) and her buying and selling of 'nipa' (palm leaf) shingles are her family’s main source of income. Her husband’s income being a farmer is still very small and sporadic and is used to supplement the basic needs of their three children, aged from six to 16 years old. All are studying and Josephine wishes them to continue their studies until graduating from college.



For now, Josephine is patiently waiting for her businesses to grow. She tries her best to maximize the profit she makes out of her businesses though it is still small. With loans she receives through ASHI, she believes that eventually her business will be successful and she will be able to bring her family out of poverty and that they will be able to have better living conditions.


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Lenders to this entrepreneur

brigid
Palo Alto, CA
United States

Barbara
Houten,
Netherlands

Diane R
KivaFriends.org, Santa Clara, CA
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Claus-Peter
www.kivafriends.org,
Germany

Jon
Los Altos Hills, CA
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Michel
LaSalle, Quebec
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Anonymous
Tulsa, OK
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Aleksander
Oslo, Norway
Norway

Menlo
San Francisco, CA
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Wayne
OAKLAND PARK, FL
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Top Lending Teams for this entrepreneur


The Road
Friends
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Kiva Team Germany
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Journal entries for Josephine Ruel


Loan has been disbursed
 
Entrepreneur: Josephine Ruel
Location: Asluman Hamtic, Antique, Philippines

Thank you for your loan. It has been disbursed to Josephine Ruel by Ahon sa Hirap, Inc. (ASHI) in Philippines. We are excited to watch this business grow. Over the 11 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 Asluman Hamtic, Antique, Philippines
Nov 6, 2009
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Kiva Help Repayment Schedule for Josephine Ruel

  Expected Repayments Actual Repayments Comments
January 2010 $38.50 Available Jan 1  
February 2010 $16.50 Available Feb 1  
March 2010 $22.00 Available Mar 1  
April 2010 $22.00 Available Apr 1  
May 2010 $22.00 Available May 1  
June 2010 $27.50 Available Jun 1  
July 2010 $22.00 Available Jul 1  
August 2010 $22.00 Available Aug 1  
September 2010 $27.50 Available Sep 1  
October 2010 $22.00 Available Oct 1  
November 2010 $27.50 Available Nov 1  
December 2010 $5.50 Available Dec 1