Annabelle Cruz


Status: Paid Back

$325.00   Loan Request
$325.00   Paid Back

About the Entrepreneur

Name: Annabelle Cruz
Location: Cauayan City, Isabela, Philippines
Activity: Clothing Sales

About the Loan

Loan Amount: $325.00
Loan Use: business capital
Repayment Term: 7 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Mar 2, 2009
Date Disbursed: Feb 6, 2009
Date Funded:Mar 2, 2009
Loan Ended:Aug 15, 2009

About the Country

Country:Philippines
Avg Annual Income:$1,175.00
Currency:Philippines Pesos (PHP)
Exchange Rate:48.1000 PHP = 1 USD



Annabelle is already 48 years old, married to Marcelino Cruz who is a tricycle (local three-wheeled vehicle) operator in Cauayan City. They have eight children: Marlon - 26 years old, elementary graduate; followed by Medelino, 22 years old, high school graduate; next are the twins Michael and Armando who are already 20 years old, elementary graduates; followed by Mamer, 18 years old and a high school graduate; next to him is the only rose among the thorns - Marcybelle, 14 years old, 3rd year high school student; Marvin, 10 years old, grade four at the moment; and the youngest is Mel John, 5 years old. They live a simple life and strive to make plans possible for the future of their big family through the assistance of her husband.



For almost 10 years, Annabelle successfully maintained her business which is selling clothes for adults and children, slippers and doormats so as to be able to send her younger children to school. Anabelle struggles so much in making door mats to add to her current products to increase her income and to pursue her plan to request a loan amounting to PHP 15,000 that will be utilized in her business to further develop her selling of RTW’s (Filipino clothing).



Hard work and patience are the keys to achieving all her ambitions, both in her business and family welfare, said Annabelle.




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Journal entries for Annabelle Cruz


Loan has been disbursed
 
Entrepreneur: Annabelle Cruz
Location: Cauayan City, Isabela, Philippines

Thank you for your loan. It has been disbursed to Annabelle Cruz 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 Cauayan City, Isabela, Philippines
Mar 3, 2009
Comment on this entry

More clothes from loans
 
Entrepreneur: Annabelle Cruz
Location: Cauayan City, Isabela, Philippines

Anabelle uses her loan to purchase clothing products, shampoos, soaps and other merchandise that she can sell. She also used some of the amount in maintaining her direct selling business. She is glad for the support she received from the lenders.


Posted by Kristine Victoria from Cauayan City, Isabela, Philippines
May 6, 2009
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Kiva Help Repayment Schedule for Annabelle Cruz

  Expected Repayments Actual Repayments Comments
May 2009 $108.32 $108.33 Repayment Received
June 2009 $54.16 $54.16 Repayment Received
July 2009 $54.16 $54.16 Repayment Received
August 2009 $67.70 $67.70 Repayment Received
September 2009 $40.66 $40.65 Repayment Received