Virginia Porcaraye
Status: Paying Back
| $250.00 | Loan Amount |
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0% repaid
About the Entrepreneur
| Name: | Virginia Porcaraye |
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| Location: | Valencia City, Philippines |
| Activity: | General Store |
About the Loan
| Loan Amount: | $250.00 |
|---|---|
| Loan Use: | To invest in expanding her business |
| Repayment Term: | 11 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Nov 5, 2009 |
| Date Disbursed: | Oct 6, 2009 |
| Date Funded: | Nov 5, 2009 |
About the Field Partner
About the Field Partner
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| Field Partner: | Hagdan sa Pag-uswag Foundation, Inc. (HSPFI) |
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| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 9 months |
| Kiva Entrepreneurs: | 1856 |
| Total Loans: | $316,550 |
| Delinquency Rate: | 0.00% |
| 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: | 47.6651 PHP = 1 USD |
Virginia Porcaraye is from the village of Banlag, Valencia City. She is 54 years old, is married, and has two school-aged children.
Virginia owns and operates a sari-sari (variety) retail shop, selling both food and daily-use products in the local community. She has been engaged in her business for over five years and earns approximately 5,000 PHP a month.
In 2009, Virginia joined HSPFI 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 8,000 PHP from HSPFI. This previous loan was used to to purchase additional products to sell.
Virginia is requesting a new loan of 11,000 PHP which will be used to invest in expanding her business. This loan will be her 3rd from HSPFI. She plans to use the additional revenue generated from the business to improve and expand her business.
About HSPFI:
HSPFI is one of the accredited partners of Opportunity International in the Philippines. It is based in Cagayan de Oro City and is reaching out to the poor households of Northern Mindanao.
*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.
Important Information About This Loan
To join the HSPFI Lending Team please click on the link: http://www.kiva.org/team/hspfi
Virginia owns and operates a sari-sari (variety) retail shop, selling both food and daily-use products in the local community. She has been engaged in her business for over five years and earns approximately 5,000 PHP a month.
In 2009, Virginia joined HSPFI 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 8,000 PHP from HSPFI. This previous loan was used to to purchase additional products to sell.
Virginia is requesting a new loan of 11,000 PHP which will be used to invest in expanding her business. This loan will be her 3rd from HSPFI. She plans to use the additional revenue generated from the business to improve and expand her business.
About HSPFI:
HSPFI is one of the accredited partners of Opportunity International in the Philippines. It is based in Cagayan de Oro City and is reaching out to the poor households of Northern Mindanao.
*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.
Important Information About This Loan
To join the HSPFI Lending Team please click on the link: http://www.kiva.org/team/hspfi
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Journal entries for Virginia Porcaraye
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Loan has been disbursed
Location: Valencia City, Philippines
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Posted by
from Valencia City, Philippines
Nov 6, 2009 |
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Comment on this entry
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Repayment Schedule for Virginia Porcaraye
Repayment Schedule for Virginia Porcaraye
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| January 2010 | $44.87 | Available Jan 1 | |||
| February 2010 | $32.05 | Available Feb 1 | |||
| March 2010 | $25.64 | Available Mar 1 | |||
| April 2010 | $25.64 | Available Apr 1 | |||
| May 2010 | $32.06 | Available May 1 | |||
| June 2010 | $25.64 | Available Jun 1 | |||
| July 2010 | $25.64 | Available Jul 1 | |||
| August 2010 | $32.05 | Available Aug 1 | |||
| September 2010 | $6.41 | Available Sep 1 | |||
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