Oscar Papa Sr.


Status: Paying Back

$650.00   Loan Amount
0% repaid

About the Entrepreneur

Name: Oscar Papa Sr.
Location: Lactawan, Solano, Nueva Vizcaya, Philippines
Activity: Farming

About the Loan

Loan Amount: $650.00
Loan Use: Additional capital to buy farming inputs
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Nov 5, 2009
Date Disbursed: Oct 21, 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



“If you are industrious, you will have plenty of food,” says Oscar Papa Sr., the industrious husband of Telma Papa. They live in a village located at Brgy. Lactawan, Solano, Nueva Vizcaya and are blessed with five children, four boys and one girl, all of whom have finished their studies in college. Three of them are presently working abroad, while the others are managing a business.



The common source of their living is through cultivation of their farmland by planting rice and some vegetables. During harvest season, they can earn a net income of P 35,000.00 which they use to both sustain their daily basic needs and save for their future. At present, Oscar is requesting an amount of P 30,000.00 to acquire needed agricultural supplies including fertilizers and pesticides for the maintenance of their crop production. He believes that he can increase his harvest and income with the help of the Kiva lenders.


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Journal entries for Oscar Papa Sr.


Loan has been disbursed
 
Entrepreneur: Oscar Papa Sr.
Location: Lactawan, Solano, Nueva Vizcaya, Philippines

Thank you for your loan. It has been disbursed to Oscar Papa Sr. by Alalay sa Kaunlaran, Inc. (ASKI) in Philippines. We are excited to watch this business grow. Over the 5 months of this loan, Alalay sa Kaunlaran, Inc. (ASKI) will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Lactawan, Solano, Nueva Vizcaya, Philippines
Nov 6, 2009
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Kiva Help Repayment Schedule for Oscar Papa Sr.

  Expected Repayments Actual Repayments Comments
January 2010 $135.42 Available Jan 1  
February 2010 $135.41 Available Feb 1  
March 2010 $108.34 Available Mar 1  
April 2010 $108.33 Available Apr 1  
May 2010 $135.42 Available May 1  
June 2010 $27.08 Available Jun 1