Armando Sabate
| $125 |
Loan Request
Pre-Disbursed
: Aug 6, 2009
Listed: Aug 22, 2009
Funded: Aug 22, 2009
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| $125 |
Paid Back
Ended: Jan 15, 2010
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About the Field Partner
| Hagdan sa Pag-uswag Foundation, Inc. (HSPFI) administers this loan. Learn more | |||||||
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| Field Partner: | Hagdan sa Pag-uswag Foundation, Inc. (HSPFI) | ||||||
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| Field Partner Risk Rating: | |||||||
| Fundraising Status: | Active | ||||||
| Time on Kiva: | 11 months | ||||||
| Kiva Entrepreneurs: | 2508 | ||||||
| Total Loans: | $424,025 | ||||||
| Interest & Fees are Charged: | Yes (Learn more) | ||||||
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| Delinquency Rate: | 0.02% | ||||||
| Default Rate: | 0.00% | ||||||
| Currency Exchange Loss Rate: | 0.00% | ||||||
| More on this field partner >> | |||||||
About the Country
| Country: | Philippines |
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| Avg Annual Income: | $1175 |
| Currency: | Philippines Pesos (PHP) |
| Exchange Rate: | 48.1850 PHP = 1 USD |
About the Loan
| Location: | Quezon , Bukidnon, Philippines | Repayment Term: | 6 months (more info) |
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| Activity: | Food Production/Sales | Repayment Schedule: | Monthly | |
| Loan Use: | To invest in expanding his business | Currency Exchange Loss: | Covered | |
| Default Protection: | Covered |
Armando owns and operates a business making and selling food, selling barbecue and balot in the local community. A balot or balut is a fertilized duck (or chicken) egg with a nearly-developed embryo inside that is boiled and eaten in the shell. He has been engaged in his business for over three years and earns approximately 5,000 PHP a month.
In 2009, Armando joined HSPFI to gain access to financial services to help improve his living situation and his ability to engage in business activities. He is requesting a loan of 5,000 PHP which will be used to invest in expanding the business. This loan will be his first from HSPFI. He plans to use the additional revenue generated from the business to improve and expand his business.
About HSPFI:
HSPFI is one of the accredited partners of Opportunity International in the Philippines. It is based in Cagayan de Oro City and is reaching out to the poor households of Northern Mindanao.
*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.
Important Information About This Loan
To join the HSPFI Lending Team please click on the link: http://www.kiva.org/team/hspfi
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Journal entries for Armando Sabate
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Loan has been disbursed
Location: Quezon , Bukidnon, Philippines
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Posted by
from Quezon , Bukidnon, Philippines
Aug 23, 2009 |
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Loan Updates
Location: Quezon , Bukidnon, Philippines
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Posted by
sonjelie pagobo from Quezon , Bukidnon, Philippines
Nov 9, 2009 |
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Loan Updates
Location: Quezon , Bukidnon, Philippines
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Posted by
sonjelie pagobo from Quezon , Bukidnon, Philippines
Nov 9, 2009 |
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Repayment Schedule for Armando Sabate
Repayment Schedule for Armando Sabate
| Expected Repayments | Actual Repayments | Comments | |||
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| October 2009 | $25.00 | $25.00 |  Repayment Received
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| November 2009 | $25.00 | $25.00 | Repayment Received
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| December 2009 | $31.25 | $31.25 | Repayment Received
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| January 2010 | $25.00 | $25.00 | Repayment Received
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| February 2010 | $18.75 | $18.75 | Repayment Received
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