Laurice Martinez

Status: Paid Back

$225.00		Loan Request
$225.00		Paid Back

About the Entrepreneur

Name:	Laurice Martinez
Location:	Cauayan City, Isabela, Philippines
Activity:	General Store

About the Loan

Loan Amount:	$225.00
Loan Use:	Business improvement and purchase more stock
Repayment Term:	7 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	Covered
Date Listed:	Mar 18, 2009
Date Disbursed:	Feb 18, 2009
Date Funded:	Mar 18, 2009
Loan Ended:	Aug 15, 2009

About the Field Partner

Field Partner:

Alalay sa Kaunlaran, Inc. (ASKI)

Field Partner Risk Rating:

(Learn more)

Active

12 months

2910

$567,550

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:	48.5560 PHP = 1 USD

“Try and try until you succeed” is the favorite quotation of Laurice. She is 28 years old and married to Dennis, a driver. Their marriage is blessed with two children: Christopher, who is 9 and a grade-three student in the public school located in their village; and Clifford, who is 2 years old.

Laurice has managed a village store for almost two years and generates a weekly income of PHP2,000 that she uses as rolling capital. Her business also enables her to help her husband in meeting the needs of their family and to save something for the education of their children. She is now asking for a loan of PHP10,000 to be used to improve her business and to purchase more stocks for her store.

Lenders to this entrepreneur

Howard
Vence,
France

Khalid
Brooklyn, NY
United States

Tom
San Francisco, CA
United States

Svein Kenneth
Eidsvaagneset,
Norway

Todd
Atlanta, GA
United States

Lewis
Hondo, TX
United States

Aaron H
Surrey, British Columbia
Canada

Heidi Swanson
San Francisco, CA
United States

Top Lending Teams for this entrepreneur

Argus Control Systems
Businesses - Internal Groups
1 Member

101 Cookbooks
Common Interest
813 Members

Kiva France
Local Area
358 Members

Journal entries for Laurice Martinez

Loan has been disbursed Entrepreneur: Laurice Martinez Location: Cauayan City, Isabela, Philippines Thank you for your loan. It has been disbursed to Laurice Martinez 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 19, 2009
Comment on this entry

Struggling for a better future Entrepreneur: Laurice Martinez Location: Cauayan City, Isabela, Philippines Laurice is very thankful to the KIVA lenders for providing her with financial assistance. However, she felt sad because her business did not become productive. She also used some of the loan to apply for a work abroad but she was faked by the recruiter. She is hoping that KIVA lenders will understand her for she will pay back her loan.
Posted by Kristine Victoria from Cauayan City, Isabela, Philippines Sep 21, 2009
Comment on this entry

Repayment Schedule for Laurice Martinez

Show Advanced

	Expected Repayments	Actual Repayments	Comments
May 2009	$56.28	$56.29	Repayment Received
June 2009	$46.90	$46.90	Repayment Received
July 2009	$37.52	$37.52	Repayment Received
August 2009	$37.52	$37.52	Repayment Received
September 2009	$46.78	$46.77	Repayment Received