Edarlina Geronimo

Status: Paid Back

$225
Loan Request
Pre-Disbursed : Nov 24, 2008
Listed: Jan 1, 2009
Funded: Jan 1, 2009
$225
Paid Back
Ended: Jun 15, 2009

About the Country

Country:Philippines
Avg Annual Income:$1175
Currency:Philippines Pesos (PHP)
Exchange Rate:48.9940 PHP = 1 USD


About the Loan

Location: Old San Mariano, San Mariano Isabela, Philippines   Repayment Term: 8 months
(more info)
Activity: General Store   Repayment Schedule: Monthly
Loan Use: Additional store capital and maintenance of their farming business   Currency Exchange Loss: Covered
      Default Protection: Covered
“Competition is a spice in business. And in life, always bear in mind that you can’t be good and determined in your chosen field if you have no one to compete with.” This is the life philosophy of Edarlina Geronimo from Old San Mariano, Isabela, a village situated in the lowland near the Pinacanauan River and frequently covered with water when successive rains occur.

Edarlina, 49, is married to Vicente Geronimo Jr. and they are blessed with three children: Filimon – 30 years old, married and working as a teacher; Eugine – 29 years old, a college graduate engaged in farming, and Rachelle – 19 years old, a senior nursing student.

Edarlina operates a village store generating an average weekly income of over $20 which is used to support her family and the needed school allowance of her youngest child. Her needs for additional capital for the store and the maintenance of their farming business are the reasons she is now applying for a loan.

Her faith in God and determination to succeed has motivated her to persevere and to develop the family’s other business - raising hogs. The combined incomes of the two enterprises will give them the chance to have a better life and support their child's education.



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Journal entries for Edarlina Geronimo


Loan has been disbursed
 
Entrepreneur: Edarlina Geronimo
Location: Old San Mariano, San Mariano Isabela, Philippines

Thank you for your loan. It has been disbursed to Edarlina Geronimo 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 Old San Mariano, San Mariano Isabela, Philippines
Jan 2, 2009
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Answered prayer
 
Entrepreneur: Edarlina Geronimo
Location: Old San Mariano, San Mariano Isabela, Philippines

Edarlina is really glad that God answered her prayers through the loan she received. Aside from purchasing different commodities for her store, she was also able to buy three bags of fertilizer and seed variety for their farming needs. Her business greatly helped her in sending her children to school.


Posted by Kristine Victoria from Old San Mariano, San Mariano Isabela, Philippines
Feb 9, 2009
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Kiva Help Repayment Schedule for Edarlina Geronimo

  Expected Repayments Actual Repayments Comments
March 2009 $93.80 $93.82 Repayment Received
April 2009 $37.52 $37.52 Repayment Received
May 2009 $46.90 $46.90 Repayment Received
June 2009 $37.52 $37.52 Repayment Received
July 2009 $9.26 $9.24 Repayment Received