Lilibeth Balbido

Status: Paid Back

$325.00		Loan Request
$325.00		Paid Back

About the Entrepreneur

Name:	Lilibeth Balbido
Location:	Talairon, Oroquieta City, Philippines
Activity:	General Store

About the Loan

Loan Amount:	$325.00
Loan Use:	to purchase soft drinks & beverages for sale
Repayment Term:	9 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Mar 15, 2009
Date Disbursed:	Mar 10, 2009
Date Funded:	Mar 15, 2009
Loan Ended:	Sep 15, 2009

About the Field Partner

Field Partner:

Paglaum Multi-Purpose Cooperative (PMPC)

Field Partner Risk Rating:

(Learn more)

Active

12 months

2624

$662,300

0.37%

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:	48.3600 PHP = 1 USD

Mrs. Lilibeth Balbido, 41 years old and married, lives at Talairon, Oroquieta City, Mis. Occ. Her husband is a private driver of a delivery truck. She has 3 children. With her desire to help her husband, she decided to open a “sari-sari” (variety) store, in front of their house, starting up with a capital of only PHP 500. Her family only rents the land where they live at PHP 500/annum. Her primary customers were her neighbors & friends.

With the increasing demand of customers, she thought of expanding her business and joined Paglaum Multi-Purpose Cooperative in June 2002 to gain access to their credit facilities. She is thankful to Paglaum MPC, that her purpose of accessing additional capital has materialized. Now, she is applying for PHP 14,900 to buy cases of soft drinks & beverages for sale. She dreams of owning a parcel of land someday. She also plans to renovate her store.

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Journal entries for Lilibeth Balbido

Loan has been disbursed Entrepreneur: Lilibeth Balbido Location: Talairon, Oroquieta City, Philippines Thank you for your loan. It has been disbursed to Lilibeth Balbido by Paglaum Multi-Purpose Cooperative (PMPC) in Philippines. We are excited to watch this business grow. Over the 7 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 Talairon, Oroquieta City, Philippines Mar 16, 2009
Comment on this entry

update on Mrs Lilibeth Balbido Entrepreneur: Lilibeth Balbido Location: Talairon, Oroquieta City, Philippines Mrs. Lilibeth Balbido has a sari-sari store located at Talairon, Oroquieta City. She applies loan for PHP 14,900 intended to buy cases of softdrinks & beverages for her sari-sari store. The picture shows Mrs. Balbido in their house beside her refrigerator showing some of her softdrinks & beverages. Mrs. Balbido is so thankful of all lenders who had helped her. May GOD bless you all .... MABUHAY !
Posted by Florinda Agan from Talairon, Oroquieta City, Philippines Mar 17, 2009
Comment on this entry

Repayment Schedule for Lilibeth Balbido

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	Expected Repayments	Actual Repayments	Comments
May 2009	$20.32	$34.81	Repayment Received
June 2009	$50.80	$36.26	Repayment Received
July 2009	$40.64	$40.63	Repayment Received
August 2009	$40.64	$50.78	Repayment Received
September 2009	$50.80	$40.64	Repayment Received
October 2009	$40.64	$121.88	Repayment Received
November 2009	$40.64	$0.00	Repayment Received
December 2009	$40.52	Available Dec 1	Repayment Received