Rosita

Status: Paid Back

$225	Loan Request Pre-Disbursed : Apr 20, 2009 Listed: May 18, 2009 Funded: May 19, 2009
$225	Paid Back Ended: Oct 15, 2009

About the Field Partner

Alalay sa Kaunlaran, Inc. (ASKI) administers this loan. Learn more

Field Partner:

Alalay sa Kaunlaran, Inc. (ASKI)

Field Partner Risk Rating:

(Learn more)

Fundraising Status:

Active

Time on Kiva:

14 months

Kiva Entrepreneurs:

4732

Total Loans:

$928,200

Interest & Fees are Charged:

Yes (Learn more)

Portfolio Yield:	50%
Profitability (Return on Assets):	1%
Average Loan Size (% of Per Capita Income):	13%

Delinquency Rate:

0.00%

Default Rate:

0.00%

Currency Exchange Loss Rate:

0.00%

About the Country

Country:	Philippines
Avg Annual Income:	$1175
Currency:	Philippines Pesos (PHP)
Exchange Rate:	48.0769 PHP = 1 USD

About the Loan

(For privacy reasons, the Field Partner has requested that last name be undisclosed)

Location:	Isabela, Philippines	Repayment Term:	7 months (more info)
Activity:	Food Market	Repayment Schedule:	Monthly
Loan Use:	To purchase additional inventory and for working capital	Currency Exchange Loss:	Covered
		Default Protection:	Covered

Rosita Lopez is from the town of Aritao, Nueva Vizcaya. She is 48 years old. Rosita is married and has three school-aged children. To make a living, Rosita owns and operates a retail business venture selling meat products. While not the only means for generating revenue, the main source of income for the business comes primarily from selling frozen meat products. Rosita earns an income of 6,000 Php monthly.

Rosita joined ASKI to gain access to financial services to help improve her living situation and her ability to engage in business activities. Rosita is requesting a new loan of 10,000 PHP (US$225), which will be used to purchase additional inventory and for working capital. This loan will be taken out by Rosita from ASKI. She plans to use the additional revenue generated from the business to improve and expand her business.

About ASKI:

ASKI is one of pioneer microfinance institutions in the Philippines committed to serve the needy in Central and Northern Luzon through socio-economic development and holistic transformation.

*Note: To maximize efficiency and reduce costs, this loan was posted using a template to automate the translation by Kiva. Given that manual translation of entrepreneur profiles is costly, Kiva created this template for our Field Partner to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.

Lenders to this entrepreneur

Steven
Cheltenham, Gloucestershire
United Kingdom

Jessica
Helsinki,
Finland

Tia
Stabekk,
Norway

Good Dogg
Front Porch, www.kivafriends.org
United States

tom
winnipeg, Manitoba
Canada

Anonymous
New York, NY
United States

andrew
Brooklyn, NY
United States

David
Stennis Space Center, MS
United States

Top Lending Teams for this entrepreneur

Mount Allison University (MTA)
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Norway
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University of Michigan Alumni and Current Students
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131 Members

Finland
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364 Members

Kiva Christians
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3635 Members

Journal entries for Rosita

Loan has been disbursed Entrepreneur: Rosita Location: Isabela, Philippines Thank you for your loan. It has been disbursed to Rosita 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 May 20, 2009
Comment on this entry

Update on Rosita Entrepreneur: Rosita Location: Isabela, Philippines Rosita is doing well and has used her loan for several of her small businesses. She has been and ASKI client for almost 2 years and this is her 3rd loan. She used part of her loan to purchase frozen meats that she sells around her village. She usually does this 2 times a week and can make about 100 pesos (about $2) a day. She purchased a different variety this time, which has helped her sales. She also operates a small store outside of her home where she sells different foods that she cooks. Some of the items that she makes are cakes, rice cakes and fried noodles. She used her loan to purchase ingredients in bulk, thus decreasing her expenses. Aside from cooked items she also sells fresh meat out of her home and purchased some chicken and pork to sell, she now makes about 700 pesos (about $14) a week with this. Lastly, she used her loan to purchase a drink powder that she also sells around her village. She has a 25% profit margin with this business. All of her 3 children and 5 grandchildren are doing well and she is working hard to help support them all when she can. She also says that her house is in dire need of repair, so she plans to use any extra income generated in the next few months to do so. **************************************************************** A Kiva Fellow working with Kiva’s field partner ASKI in the Philippines posted this journal. About ASKI: ASKI’s Vision: A God-centered, model microfinance organization committed to serving the needy in Luzon through socio-economic development and holistic transformation. To see ASKI borrowers who are currently fund raising on Kiva click Here To read more about ASKI visit their partner profile page Here If you would like to read more about what it is like to be a Kiva Fellow check out our blog Here Support ASKI and their staff and join the ASKI lending team Here
Posted by Drew Loizeaux from Isabela, Philippines Jun 26, 2009
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Repayment Schedule for Rosita

Show Advanced

	Expected Repayments	Actual Repayments	Comments
July 2009	$56.28	$56.29	Repayment Received
August 2009	$46.90	$46.90	Repayment Received
September 2009	$37.52	$37.51	Repayment Received
October 2009	$37.52	$37.52	Repayment Received
November 2009	$46.78	$46.78	Repayment Received