Corazon Trozo


Status: Paid Back

$550.00   Loan Request
$550.00   Paid Back

About the Entrepreneur

Name: Corazon Trozo
Location: Malapatan, Sarangani Province, Philippines
Activity: General Store

About the Loan

Loan Amount: $550.00
Loan Use: For additional capital and to purchase more merchandise to sell
Repayment Term: 7 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jan 17, 2009
Date Disbursed: Dec 22, 2008
Date Funded:Jan 17, 2009
Loan Ended:Jun 15, 2009

About the Country

Country:Philippines
Avg Annual Income:$1,175.00
Currency:Philippines Pesos (PHP)
Exchange Rate:47.4715 PHP = 1 USD



Corazon Trozo, 49 years old, has four children. Her husband, a hog raiser, has been very supportive of her in her retail business. The PHP 1,000 she borrowed from a friend helped her get started in her business. The earnings she gained from it are what she uses to pay for the tuition fees for her children and in buying a one-hectare farm lot.

Corazon dreams of providing a better quality life for all of her children. As a mother, she is seeking the best life for them, like enabling them to graduate from college and to be employed in high paying jobs. Because of this, she was inclined to join the CEVI microfinancing program. She availed the loans and used it to improve her business.

Now that her children are studying, Corazon needs to earn more profit from her business. She is requesting a loan from CEVI to purchase additional goods in her store. In this way, she will have more sales and profit as well.

CEVI always seeks ways to uplift the lives of people. Through its microfinancing program, people like Corazon will benefit much in availing the credit assistance, trainings, and insurance coverage that they provide to all their clients.


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Journal entries for Corazon Trozo


Loan has been disbursed
 
Entrepreneur: Corazon Trozo
Location: Malapatan, Sarangani Province, Philippines

Thank you for your loan. It has been disbursed to Corazon Trozo by Community Economic Ventures, Inc. (CEVI), a partner of VisionFund International in Philippines. We are excited to watch this business grow. Over the 4 months of this loan, Community Economic Ventures, Inc. (CEVI), a partner of VisionFund International will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Malapatan, Sarangani Province, Philippines
Jan 18, 2009
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Corazon Trozo, Loan Update
 
Entrepreneur: Corazon Trozo
Location: Malapatan, Sarangani Province, Philippines

Corazon Trozo sells variety of goods in their village. She receives her loan and used all of them to buy fish and other merchandise. She also sells bananacue, a kind of street food made of banana known in their town.

She also started constructing her new store building. Because of her loan, she able to have bigger store to accommodate more displays.


Posted by Jonathan Neri from Malapatan, Sarangani Province, Philippines
Feb 22, 2009
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Kiva Help Repayment Schedule for Corazon Trozo

  Expected Repayments Actual Repayments Comments
March 2009 $110.00 $110.00 Repayment Received
April 2009 $110.00 $110.00 Repayment Received
May 2009 $110.00 $137.72 Repayment Received
June 2009 $137.50 $110.00 Repayment Received
July 2009 $82.50 $82.28 Repayment Received