Rubelyn Manuel


Status: Paid Back

$100.00   Loan Request
$100.00   Paid Back

About the Entrepreneur

Name: Rubelyn Manuel
Location: Isabela, Philippines
Activity: Food Production/Sales

About the Loan

Loan Amount: $100.00
Loan Use: Financial assistance to improve her business.
Repayment Term: 7 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Mar 4, 2009
Date Disbursed: Feb 5, 2009
Date Funded:Mar 4, 2009
Loan Ended:Aug 15, 2009

About the Country

Country:Philippines
Avg Annual Income:$1,175.00
Currency:Philippines Pesos (PHP)
Exchange Rate:48.7000 PHP = 1 USD



Rubelyn Manuel is a single parent who sells vegetables and cooked snacks in their village at San Lorenzo Ilagan, Isabela. Her child, Christian, serves as her inspiration in life. Her son is four years old and will go to a Day Care Center this next school year, thus, Rubelyn strives to earn money for her child. They are currently living with her parents in the village since her husband left her when she was barely four months pregnant with Christian.

Rubelyn is working for a better life because she wants to provide the best for her child. She maintains her business to provide a daily income and be able to save a little for the education of her child. However, due to lack of capital she was not able to generate higher sales. Because of this, Rubelyn decided to look for a lending program to assist her in the business for her to improve and increase her daily income. She wants to borrow PHP4,000 to fulfill her plans. She is working hard to attain her dream of having a successful business and she believes that through her faith with God, her dream will somehow become a reality because with God, “nothing is impossible.”





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Journal entries for Rubelyn Manuel


Loan has been disbursed
 
Entrepreneur: Rubelyn Manuel
Location: Isabela, Philippines

Thank you for your loan. It has been disbursed to Rubelyn Manuel 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
Mar 5, 2009
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Business for her son
 
Entrepreneur: Rubelyn Manuel
Location: Isabela, Philippines

Rubelyn uses the money to buy some noodles that she needed in cooking “pansit” for her snack vending business. Aside from it she was also able to engage to another business which is rice retailing. She then bought a sack of rice and sells them in retail price since it is in demand in their place. She was thankful that through the lenders, she was able to maintain her business for the welfare of her son.


Posted by Kristine Victoria from Isabela, Philippines
Mar 24, 2009
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Kiva Help Repayment Schedule for Rubelyn Manuel

  Expected Repayments Actual Repayments Comments
May 2009 $33.44 $33.42 Repayment Received
June 2009 $16.72 $16.68 Repayment Received
July 2009 $20.90 $20.85 Repayment Received
August 2009 $16.72 $16.68 Repayment Received
September 2009 $12.22 $12.37 Repayment Received