Renato Talosig

Status: Paying Back

$1,050
Loan Request
Pre-Disbursed : Jul 25, 2009
Listed: Aug 24, 2009
Funded: Aug 27, 2009
41% repaid

About the Country

Country:Philippines
Avg Annual Income:$1175
Currency:Philippines Pesos (PHP)
Exchange Rate:48.3400 PHP = 1 USD


About the Loan

Location: Cauayan City, Isabela, Philippines   Repayment Term: 26 months
(more info)
Activity: Retail   Repayment Schedule: Monthly
Loan Use: Additional Capital   Currency Exchange Loss: Possible
      Default Protection: Covered
Renato Talosig is thirty-seven years old and married with two children. They are John Angelo, who is sixteen years old and a college freshman and John Emmanuel, who is eight years old and in the third grade. Renato, his wife Rowena, and their children live in Baranay Canciller along the City Proper of Cauayan. He describes his family as being God-fearing.

Renato previously worked as a manager at ACT machineries located in Cauayan City. He resigned when he felt called to the ministry in his church. He also decided to put up his "John 3:16" shop, selling musical instruments. He also sells Christian accessories, books, book marks, souvenirs and a lot more in order to provide for his family's daily needs and his children's education. Aside from managing the business, Renato also offers music tutorials because he is also a good musician.

His desire to further improve his business and to share his musical skills with others, along with his willingness to disseminate God’s love, causes Renato to seek the support of Kiva lenders. He is asking for a loan of PHP50,000 for the expansion of his business. He already has one branch in Aurora and has ten employees. He hopes that in the coming days, he will be able to expand the business even more.



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Journal entries for Renato Talosig


Loan has been disbursed
 
Entrepreneur: Renato Talosig
Location: Cauayan City, Isabela, Philippines

Thank you for your loan. It has been disbursed to Renato Talosig by Alalay sa Kaunlaran, Inc. (ASKI) in Philippines. We are excited to watch this business grow. Over the 24 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
Aug 28, 2009
Comment on this entry

Music business became successful
 
Entrepreneur: Renato Talosig
Location: Cauayan City, Isabela, Philippines

Renato is glad for the loan he received from the KIVA lenders. He used the loan to purchased additional musical instruments for his business stall in Cauayan City. His musical tutorial services expanded also by simply having one branch in Tuguegarao City when he started to borrow loan from KIVA.


Posted by Kristine Victoria from Cauayan City, Isabela, Philippines
Nov 30, 2009
Comment on this entry

Kiva Help Repayment Schedule for Renato Talosig

  Expected Repayments Actual Repayments Comments
October 2009 $43.76 $43.76 Repayment Received
November 2009 $43.77 $43.77 Repayment Received
December 2009 $43.76 $43.76 Repayment Received
January 2010 $43.77 $43.77 Repayment Received
February 2010 $43.76 $262.48 Repayment Received
March 2010 $43.76 Available Mar 1 Repayment Received
April 2010 $43.77 Available Apr 1 Repayment Received
May 2010 $43.76 Available May 1 Repayment Received
June 2010 $43.77 Available Jun 1 Repayment Received
July 2010 $43.76 Available Jul 1 Repayment Received
August 2010 $43.76 Available Aug 1  
September 2010 $43.77 Available Sep 1  
October 2010 $43.76 Available Oct 1  
November 2010 $43.77 Available Nov 1  
December 2010 $43.76 Available Dec 1  
January 2011 $43.76 Available Jan 1  
February 2011 $43.77 Available Feb 1  
March 2011 $43.76 Available Mar 1  
April 2011 $43.77 Available Apr 1  
May 2011 $43.76 Available May 1  
June 2011 $43.76 Available Jun 1  
July 2011 $43.77 Available Jul 1  
August 2011 $43.76 Available Aug 1  
September 2011 $43.43 Available Sep 1