Precilla Portales


Status: Paid Back

$100.00   Loan Request
$100.00   Paid Back

About the Entrepreneur

Name: Precilla Portales
Location: Isabela, Philippines
Activity: Pigs

About the Loan

Loan Amount: $100.00
Loan Use: To maintain her hog raising and farming businesses
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Feb 10, 2009
Date Disbursed: Jan 22, 2009
Date Funded:Feb 10, 2009
Loan Ended:Aug 15, 2009

About the Country

Country:Philippines
Avg Annual Income:$1,175.00
Currency:Philippines Pesos (PHP)
Exchange Rate:47.3550 PHP = 1 USD



Precilla Portales and her husband are blessed with four children. The two oldest, Romulo, age 28, and Michelle, age 26, both serve as church ministers. The third, Ronalyn, is 24 years old and an education graduate who now teaches. The youngest, Jirha, is 13 years old and is studying as a high school freshman.


Precilla raises hogs and also farms both rice and corn. She has requested a loan of PHP 4,000.00 to support both businesses. Her goal is to expand her hog raising business to maintain her income and support the educational needs of her youngest child. Precilla said she must be strong and work hard in order to achieve her dreams, just like well-known entrepreneurs.


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Journal entries for Precilla Portales


Loan has been disbursed
 
Entrepreneur: Precilla Portales
Location: Isabela, Philippines

Thank you for your loan. It has been disbursed to Precilla Portales 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 Isabela, Philippines
Feb 11, 2009
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Selling for a purpose
 
Entrepreneur: Precilla Portales
Location: Isabela, Philippines

Precilla used her loan to purchase hogs and feeds. Part of the loan was also used to provide her family with their basic needs such as sugar, milk, coffee and for the school allowance of their children. She is very grateful that through the additional capital she received for her business, she can now afford to send their children to school.


Posted by Kristine Victoria from Isabela, Philippines
Mar 17, 2009
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Kiva Help Repayment Schedule for Precilla Portales

  Expected Repayments Actual Repayments Comments
April 2009 $25.08 $25.04 Repayment Received
May 2009 $16.72 $16.72 Repayment Received
June 2009 $16.72 $16.68 Repayment Received
July 2009 $20.90 $20.90 Repayment Received
August 2009 $16.72 $16.72 Repayment Received
September 2009 $3.86 $3.94 Repayment Received