Nicolas Guiyab


Status: Paid Back

$125.00   Loan Request
$125.00   Paid Back

About the Entrepreneur

Name: Nicolas Guiyab
Location: Malamag East Tumauini, Isabela, Philippines
Activity: Furniture Making

About the Loan

Loan Amount: $125.00
Loan Use: to buy materials such as wood for his shop
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Dec 15, 2008
Date Disbursed: Nov 24, 2008
Date Funded:Dec 15, 2008
Loan Ended:Jun 15, 2009

About the Country

Country:Philippines
Avg Annual Income:$1,175.00
Currency:Philippines Pesos (PHP)
Exchange Rate:48.9940 PHP = 1 USD



Nicolas Guiyab is 26 years old and widely thought of as very determined to fulfill his dreams for his family. With his talent and skills, he is sure that he can uplift their lives from poverty.

He is married to Shery and has three children: Shery-Ann – 6 years old and a day-care student; Flora – 4 years old; and Nicolas Jr, one month old. His family lives in the rural and flat area of Malamag East, where vegetable planting and clean and green programs are the main projects being implemented in their village and other villages. Sometimes, floods strike in their village when excessive rains and typhoons take place.

Nicolas manages a small furniture shop which is his only source of income. He wants a better life for his family and hopes to achieve this by improving his business. In order to do so, he has applied for a loan which he will use to buy materials such as wood.

Nicolas works hard for the success of his business. He is very optimistic that he can achieve his dreams and he believes that God is good all of the time.




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Journal entries for Nicolas Guiyab


Loan has been disbursed
 
Entrepreneur: Nicolas Guiyab
Location: Malamag East Tumauini, Isabela, Philippines

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


Posted by from Malamag East Tumauini, Isabela, Philippines
Dec 16, 2008
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Good living opportunity through furniture business
 
Entrepreneur: Nicolas Guiyab
Location: Malamag East Tumauini, Isabela, Philippines

Nicolas spends his loan in his furniture business. He purchased nails, thinner, epoxy and woods which are the main materials needed for his furniture business. He also used some of the loan to provide the needs of his family like a sack of rice and allowance of her children. Nicolas is thankful for the lenders for supporting him financially that really help his family.


Posted by Kristine Victoria from Malamag East Tumauini, Isabela, Philippines
Feb 11, 2009
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Kiva Help Repayment Schedule for Nicolas Guiyab

  Expected Repayments Actual Repayments Comments
February 2009 $31.32 $31.33 Repayment Received
March 2009 $20.88 $20.88 Repayment Received
April 2009 $20.88 $20.88 Repayment Received
May 2009 $26.10 $26.15 Repayment Received
June 2009 $20.88 $20.88 Repayment Received
July 2009 $4.94 $4.88 Repayment Received