Jovy Lusay


Status: Paid Back

$325.00   Loan Request
$325.00   Paid Back

About the Entrepreneur

Name: Jovy Lusay
Location: Buenavista, Oroquieta City, Philippines
Activity: Charcoal Sales

About the Loan

Loan Amount: $325.00
Loan Use: To buy coconut shells for charcoal production
Repayment Term: 12 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Feb 22, 2009
Date Disbursed: Jan 28, 2009
Date Funded:Feb 22, 2009
Loan Ended:Apr 15, 2009

About the Country

Country:Philippines
Avg Annual Income:$1,175.00
Currency:Philippines Pesos (PHP)
Exchange Rate:47.9050 PHP = 1 USD



A very young woman best describes Jovy Lusay, 23 years old, married, and living at Buenavista, Oroquieta City. She has two children. Her husband is a mere laborer. At a young age, Jovy already knew that life is not that easy! She tried her best to provide for the needs of her family; that’s why she engaged herself in charcoal making and selling, appearing dirty physically, but earning sufficiently. In order to have enough capital, she joined Paglaum Multi-Purpose Cooperative in October 2007 and was able to start her business. Jovy has already availed other loans several times. Now, she is requesting a loan of PHP 14,900 to buy coconut shells to be processed into charcoal. In the future, she wants to buy a motorcycle to be used as transportation to go to and from the market. Jovy will be fulfilled as a parent if all her children will finish their studies.



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Lenders to this entrepreneur

niels-erik
copenhagen,
Denmark

Karil
San Francisco, CA
United States

Katja & Ludwig
Weimar,
Germany

Sally
Montrose, Angus
United Kingdom

Miguel
Valladolid, Valladolid
Spain

Karin
Nyköping,
Sweden

Sam
Bodrum,
Turkey

Niels Buster
Humlebaek,
Denmark



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Journal entries for Jovy Lusay


Loan has been disbursed
 
Entrepreneur: Jovy Lusay
Location: Buenavista, Oroquieta City, Philippines

Thank you for your loan. It has been disbursed to Jovy Lusay by Paglaum Multi-Purpose Cooperative (PMPC) in Philippines. We are excited to watch this business grow. Over the 9 months of this loan, Paglaum Multi-Purpose Cooperative (PMPC) will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Buenavista, Oroquieta City, Philippines
Feb 23, 2009
Comment on this entry

Charcoal!
 
Entrepreneur: Jovy Lusay
Location: Buenavista, Oroquieta City, Philippines

Thankful ko sa mga Kiva lenders and to Paglaum as well for making my dream business come to reality. The additional capital made my business do good. Salamat!


Posted by Lysette Asombrado from Buenavista, Oroquieta City, Philippines
Aug 30, 2009
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Kiva Help Repayment Schedule for Jovy Lusay

  Expected Repayments Actual Repayments Comments
April 2009 $24.36 $24.36 Repayment Received
May 2009 $32.48 $300.64 Repayment Received
June 2009 $40.60 $0.00 Repayment Received
July 2009 $32.48 $0.00 Repayment Received
August 2009 $32.48 $0.00 Repayment Received
September 2009 $40.60 $0.00 Repayment Received
October 2009 $32.48 $0.00 Repayment Received
November 2009 $40.60 $0.00 Repayment Received
December 2009 $32.48 Available Dec 1 Repayment Received
January 2010 $16.44 Available Jan 1 Repayment Received