Emelda Pagara

Status: Paid Back

$175	Loan Request Pre-Disbursed : Aug 19, 2009 Listed: Aug 25, 2009 Funded: Aug 25, 2009
$175	Paid Back Ended: Jan 15, 2010

About the Field Partner

Hagdan sa Pag-uswag Foundation, Inc. (HSPFI) administers this loan. Learn more

Field Partner:

Hagdan sa Pag-uswag Foundation, Inc. (HSPFI)

Field Partner Risk Rating:

(Learn more)

Fundraising Status:

Active

Time on Kiva:

11 months

Kiva Entrepreneurs:

2508

Total Loans:

$424,025

Interest & Fees are Charged:

Yes (Learn more)

Portfolio Yield:	32%
Profitability (Return on Assets):	1%
Average Loan Size (% of Per Capita Income):	5%

Delinquency Rate:

0.02%

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:	48.6004 PHP = 1 USD

About the Loan

Location:	Baluarte, Lumbia Cagayan De Oro City, Philippines	Repayment Term:	7 months (more info)
Activity:	Fruits & Vegetables	Repayment Schedule:	Monthly
Loan Use:	as additional business capital	Currency Exchange Loss:	Covered
		Default Protection:	Covered

Emelda Pagara is from the village of Baluarte, Lumbia Cagayan De Oro City. She is 47 years old. Emelda is married and has 5 school-aged children. To make a living, Emelda owns and operates a specialized retail business. The main source of income for the business comes from buying green bananas in the local community. Emelda has been engaged in her business for over 1 year and earns approximately 2,000 PHP a month for these activities.

In 2008, Emelda joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Emelda has successfully repaid a previous loan from HSPFI. Emelda is requesting a new loan of 8,000 PHP which will be used as additional business capital. This will be the 3rd loan taken out by Emelda from HSPFI. She plans to use the additional revenue generated from the business to improve/expand her business.

About HSPFI:

HSPFI is one of accredited partners of Opportunity International in the Philippines. It is based in Cagayan de Oro City and reaches 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, we created this template for our field staff 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

Lenders to this entrepreneur

Jesse
Baltimore, MD
United States

Russell
Washington, DC
United States

Jenn
Redmond, WA
United States

Lyne
Ottawa, Ontario
Canada

Meghan
Wilmington, DE
United States

Jolley Family
Lehi, Utah
United States

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Journal entries for Emelda Pagara

Loan has been disbursed Entrepreneur: Emelda Pagara Location: Baluarte, Lumbia Cagayan De Oro City, Philippines Thank you for your loan. It has been disbursed to Emelda Pagara by Hagdan sa Pag-uswag Foundation, Inc. (HSPFI) in Philippines. We are excited to watch this business grow. Over the 4 months of this loan, Hagdan sa Pag-uswag Foundation, Inc. (HSPFI) will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.
Posted by from Baluarte, Lumbia Cagayan De Oro City, Philippines Aug 26, 2009
Comment on this entry

Loan Updates Entrepreneur: Emelda Pagara Location: Baluarte, Lumbia Cagayan De Oro City, Philippines Thank you so much lenders for the loan you entrusted to me. I am so happy because you believe in my business. Thank you for the opportunity you gave me to make my business grom and prosper. You just don't know how much helped you have given to the family. Hope you will continue sharing your blessings......
Posted by sonjelie pagobo from Baluarte, Lumbia Cagayan De Oro City, Philippines Nov 10, 2009
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Repayment Schedule for Emelda Pagara

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	Expected Repayments	Actual Repayments	Comments
October 2009	$8.75	$17.50	Repayment Received
November 2009	$43.75	$43.75	Repayment Received
December 2009	$35.00	$35.00	Repayment Received
January 2010	$35.00	$35.00	Repayment Received
February 2010	$43.75	$43.75	Repayment Received
March 2010	$8.75	Available Mar 1	Repayment Received