Loela Mahognay

Status: Paid Back

$175.00		Loan Request
$175.00		Paid Back

About the Entrepreneur

Name:	Loela Mahognay
Location:	Tumpagon, Cagayan De Oro City, Philippines
Activity:	General Store

About the Loan

Loan Amount:	$175.00
Loan Use:	To purchase additional grocery items for sale in her sari-sari (variety) store.
Repayment Term:	7 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Feb 24, 2009
Date Disbursed:	Jan 29, 2009
Date Funded:	Feb 24, 2009
Loan Ended:	Jul 15, 2009

About the Field Partner

Field Partner:

Hagdan sa Pag-uswag Foundation, Inc. (HSPFI)

Field Partner Risk Rating:

(Learn more)

Active

9 months

1847

$313,875

0.00%

0.00%

Currency Exchange Loss Rate:

0.00%

About the Country

Country:	Philippines
Avg Annual Income:	$1,175.00
Currency:	Philippines Pesos (PHP)
Exchange Rate:	48.1700 PHP = 1 USD

Loela Mahognay is very grateful to HSPFI for granting her PHP5000 loan which she used to put up a sari-sari (variety) store. She is also proud of herself for venturing into retail business as this is a big help in raising her 4 children. She is in need of PHP8000 to purchase additional grocery items for sale in her sari-sari store. She wants to earn more income to support the education of her children and other family needs.

Important Information About This Loan
To join the HSPFI Lending Team please click on the link: http://www.kiva.org/team/hspfi

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Journal entries for Loela Mahognay

Loan has been disbursed Entrepreneur: Loela Mahognay Location: Tumpagon, Cagayan De Oro City, Philippines Thank you for your loan. It has been disbursed to Loela Mahognay by Hagdan sa Pag-uswag Foundation, Inc. (HSPFI) in Philippines. We are excited to watch this business grow. Over the 4 months of this loan, Hagdan sa Pag-uswag Foundation, Inc. (HSPFI) will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.
Posted by from Tumpagon, Cagayan De Oro City, Philippines Feb 25, 2009
Comment on this entry

Loan Updates Entrepreneur: Loela Mahognay Location: Tumpagon, Cagayan De Oro City, Philippines Loela Mahognay receives her loan from HSPFI last January 29, 2009. She was grateful to all the people that help her availed the loan. She purchased additional inventory items for her variety store such as bath soap,6 dozens of shampoo in sachet,candies,milk, canned goods, laundry soap, checheria foods.
Posted by sonjelie pagobo from Tumpagon, Cagayan De Oro City, Philippines Mar 10, 2009
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loan update Entrepreneur: Loela Mahognay Location: Tumpagon, Cagayan De Oro City, Philippines Loela Mahognay enables to manage her business well. She pays for her weekly obligation out from the proceeds of her business. She is thankful for what the organization extend to her. She able to save for his family and runs the business for profit and for good. Daghang Salamat!
Posted by Ma. Soccoro Gumban from Tumpagon, Cagayan De Oro City, Philippines May 14, 2009
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Repayment Schedule for Loela Mahognay

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	Expected Repayments	Actual Repayments	Comments
April 2009	$35.00	$35.00	Repayment Received
May 2009	$35.00	$35.00	Repayment Received
June 2009	$43.75	$43.70	Repayment Received
July 2009	$35.00	$35.00	Repayment Received
August 2009	$26.25	$26.30	Repayment Received