Herlosita Esta


Status: Paid Back

$225.00   Loan Request
$225.00   Paid Back

About the Entrepreneur

Name: Herlosita Esta
Location: Isabela, Philippines
Activity: Farming

About the Loan

Loan Amount: $225.00
Loan Use: To purchase farm inputs like fertilizers, seedlings, insecticide and herbicide and pay additional farm labor
Repayment Term: 7 months - View details below
Lenders Repaid: At end of term
Currency Exchange Loss: Covered
Date Listed: Dec 11, 2008
Date Disbursed: Nov 11, 2008
Date Funded:Dec 11, 2008
Loan Ended:Apr 15, 2009

About the Country

Country:Philippines
Avg Annual Income:$1,175.00
Currency:Philippines Pesos (PHP)
Exchange Rate:48.9940 PHP = 1 USD



Herlosita is married to Hipolito, a farmer in their village. Their marriage has been gifted with six children: Gilbert – 34 years old, college undergraduate, working abroad; Bernard – 32 years old, high school graduate; Crisanto – 30 years old, high school graduate; Gerard – 25 years old, college undergraduate, also working abroad; Gersalin – 22 years old, also college undergraduate and Geny – 15 years old, a 3rd year high school student. Three of their children are already married. Her family lives in the hilly and peaceful Barangay of San Isidro.

Herlosita is engaged in farm activities. However, they lack financial resources to sustain their business so she is asking a loan of PHP10,000. She intends to utilize the loan to buy their needed farm inputs like fertilizers, seedlings, insecticide and herbicide. Some of the amount will also be used to pay for labor works for those who will help them during the planting period.

She is proud that despite their old age, she and her husband are continuously helping and supporting each other in reaching their dreams. They want their farming business to grow in order to generate higher income and provide for the educational needs of their youngest child who is now in high school. They hope that they can provide her educational needs until college and finish her desire course.

If the loan will be granted to her, Herlosita will no longer borrow from traders and somehow be free from asking credits to them in times of financial needs.



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Journal entries for Herlosita Esta


Loan has been disbursed
 
Entrepreneur: Herlosita Esta
Location: Isabela, Philippines

Thank you for your loan. It has been disbursed to Herlosita Esta by Alalay sa Kaunlaran, Inc. (ASKI) in Philippines. We are excited to watch this business grow. Over the next 4 months, 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
Dec 12, 2008
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Loans that sustain the needs of their family
 
Entrepreneur: Herlosita Esta
Location: Isabela, Philippines

Herlosita used most of her loan in her business. She purchased two bags of commercial fertilizer and two bags of RR certified corn seed variety. Part of the loan was used in their household needs and some for the school allowance of their children while waiting for the harvest season.


Posted by Kristine Victoria from Isabela, Philippines
Jan 7, 2009
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Kiva Help Repayment Schedule for Herlosita Esta

  Expected Repayments Actual Repayments Comments
May 2009      
From Entrepreneur to Field Partner    Mar 31, 2009 11,023.65 PHP  
From Field Partner to Lenders May 2009 $0.00 May 2009 $225.00  
June 2009     Repayment Received
From Entrepreneur to Field Partner Apr 7, 2009 11,023.65 PHP    
From Field Partner to Lenders Jun 2009 $225.00 Jun 2009 $0.00