Norma Ermac
Status: Paying Back
| $175.00 | Loan Amount |
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About the Entrepreneur
| Name: | Norma Ermac |
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| Location: | Iligan City, Philippines |
| Activity: | Food Stall |
About the Loan
| Loan Amount: | $175.00 |
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| Loan Use: | To invest in expanding the business |
| Repayment Term: | 7 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Nov 14, 2009 |
| Date Disbursed: | Oct 16, 2009 |
| Date Funded: | Nov 15, 2009 |
About the Field Partner
About the Field Partner
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| Field Partner: | Hagdan sa Pag-uswag Foundation, Inc. (HSPFI) |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 9 months |
| Kiva Entrepreneurs: | 1820 |
| Total Loans: | $309,025 |
| Delinquency Rate: | 0.00% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Philippines |
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| Avg Annual Income: | $1,175.00 |
| Currency: | Philippines Pesos (PHP) |
| Exchange Rate: | 46.6649 PHP = 1 USD |
In 2009, Norma joined HSPFI to gain access to financial services to help improve her living conditions and enable her to engage in business activities. Norma has successfully repaid a previous loan of 5000 PHP from HSPFI. This previous loan was used to purchase additional products to sell.
Norma is requesting a new loan of 8000 PHP which will be used to invest in expanding the business. This will be her second loan from HSPFI. She plans to use the additional revenue 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, we created this template for our field staff 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 Norma Ermac
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Loan to Norma Ermac in Philippines has been 100% funded
Location: Iligan City, Philippines
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Posted by
from Iligan City, Philippines
Nov 15, 2009 |
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Comment on this entry
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Repayment Schedule for Norma Ermac
Repayment Schedule for Norma Ermac
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| January 2010 | $52.50 | Available Jan 1 | |||
| February 2010 | $35.00 | Available Feb 1 | |||
| March 2010 | $43.75 | Available Mar 1 | |||
| April 2010 | $35.00 | Available Apr 1 | |||
| May 2010 | $8.75 | Available May 1 | |||
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