Aquilinia Lacio

Status: Paid Back

$125
Loan Request
Pre-Disbursed : Jun 29, 2009
Listed: Jul 11, 2009
Funded: Jul 11, 2009
$125
Paid Back
Ended: Jan 15, 2010

About the Country

Country:Philippines
Avg Annual Income:$1175
Currency:Philippines Pesos (PHP)
Exchange Rate:48.1700 PHP = 1 USD


About the Loan

Location: Anonang, Aurora, Zamboanga Del Sur, Philippines   Repayment Term: 8 months
(more info)
Activity: Fish Selling   Repayment Schedule: Monthly
Loan Use: To buy crabs for resale   Currency Exchange Loss: Possible
      Default Protection: Covered
Aquilinia Lacio is from the village of Anonang, Aurora, Zamboanga del Sur. She is 48 years old. Aquilinia is married and has 5 adult-aged children. To make a living, Aquilinia owns & operates a business venture in the retail sector selling crabs in the local community. While not the only means for generating revenue, the main source of income for the business comes primarily from selling crabs to tourists and local community members. Aquilinia has been engaged in her business for over 20 years and earns approximately 3,000 Philippine Pesos (about $62 US) a month for these activities.


In 2009, Aquilinia joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Aquilinia is requesting a new loan of 5,000 pesos which will be used to purchase additional crabs to sell. This loan will be the third loan taken out by Aquilinia from GDMPC. She plans to use the additional revenue generated from the business to improve the general living conditions of her family.


About GDMPC


GDMPC is one of the most progressive cooperatives in Mindanao, Philippines. It has four branches and three offices covering the provinces of Zamboanga del Sur, Lanao del Norte and Misamis Occidental. Its membership is composed mostly of farmers, fisherfolks and small entrepreneurs.


*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.


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Journal entries for Aquilinia Lacio


Loan has been disbursed
 
Entrepreneur: Aquilinia Lacio
Location: Anonang, Aurora, Zamboanga Del Sur, Philippines

Thank you for your loan. It has been disbursed to Aquilinia Lacio by Gata Daku Multi-purpose Cooperative in Philippines. We are excited to watch this business grow. Over the 5 months of this loan, Gata Daku Multi-purpose Cooperative will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Anonang, Aurora, Zamboanga Del Sur, Philippines
Jul 12, 2009
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new update
 
Entrepreneur: Aquilinia Lacio
Location: Anonang, Aurora, Zamboanga Del Sur, Philippines

Mrs. Aquilina Lacio s now very busy with her business upon the release of her loan from Gata Daku Multi-Purpose Cooperative and Kiva Funders through this she able to finance her business for more improvement through this she able to generate more income to sustain the daily needs of her family.That is why she is thankful to Gata Daku Multi-Purpose Cooperative and Kiva Funders for giving her a financial assistant.


Posted by Angie Pascual from Anonang, Aurora, Zamboanga Del Sur, Philippines
Jan 20, 2010
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Kiva Help Repayment Schedule for Aquilinia Lacio

  Expected Repayments Actual Repayments Comments
September 2009 $24.05 $24.05 Repayment Received
October 2009 $19.24 $19.24 Repayment Received
November 2009 $24.05 $24.05 Repayment Received
December 2009 $19.24 $19.24 Repayment Received
January 2010 $19.24 $19.24 Repayment Received
February 2010 $19.18 $19.18 Repayment Received