Ninfa Lasmarias

Status: Paid Back

$125	Loan Request Pre-Disbursed : Jul 30, 2009 Listed: Aug 27, 2009 Funded: Aug 27, 2009
$125	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:	48.7100 PHP = 1 USD

About the Loan

Location:	Tagoloan , Misamis Oriental, Philippines	Repayment Term:	7 months (more info)
Activity:	Tailoring	Repayment Schedule:	Monthly
Loan Use:	To purchase additional fabrics & materials	Currency Exchange Loss:	Covered
		Default Protection:	Covered

Ninfa Lasmarias is from the village of Tagoloan, Misamis Oriental. She is 51 years old. Ninfa is widowed and has 3 adult-aged children. To make a living, Ninfa owns & operates a tailoring business. The main source of income for the business comes from providing specialty tailoring services to local community members. Ninfa has been engaged in her business for over 4 years and earns approximately 6,000 PHP a month for these activities.

In 2009, Ninfa joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Ninfa is requesting a new loan of 5,000 PHP, which will be used to purchase additional fabrics & materials. This loan will be the 1st loan taken out by Ninfa from HSPFI. She plans to use the additional revenue generated from the business to improve and expand her 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, 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

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United Kingdom

Kyle
Tampa, FL
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Tracy
APO, AE
Belgium

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Journal entries for Ninfa Lasmarias

Loan has been disbursed Entrepreneur: Ninfa Lasmarias Location: Tagoloan , Misamis Oriental, Philippines Thank you for your loan. It has been disbursed to Ninfa Lasmarias 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 Tagoloan , Misamis Oriental, Philippines Aug 28, 2009
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Repayment Schedule for Ninfa Lasmarias

Show Advanced

	Expected Repayments	Actual Repayments	Comments
October 2009	$25.00	$25.00	Repayment Received
November 2009	$31.25	$31.25	Repayment Received
December 2009	$25.00	$25.00	Repayment Received
January 2010	$25.00	$25.00	Repayment Received
February 2010	$18.75	$18.75	Repayment Received