Lalaine Bareno

Status: Paid Back

$125
Loan Request
Pre-Disbursed : Aug 14, 2009
Listed: Sep 14, 2009
Funded: Sep 14, 2009
$125
Paid Back
Ended: Jan 15, 2010

About the Country

Country:Philippines
Avg Annual Income:$1175
Currency:Philippines Pesos (PHP)
Exchange Rate:48.2650 PHP = 1 USD


About the Loan

Location: Tumauini, Isabela, Philippines   Repayment Term: 7 months
(more info)
Activity: General Store   Repayment Schedule: Monthly
Loan Use: To use as additional capital for her business   Currency Exchange Loss: Possible
      Default Protection: Covered
Lalaine manages a general store business in front of her house. Aside from this, she also rents a stall in their school where she put up a small canteen and sells snacks during school days in order to have an additional source of income. From 7:00-10:30 in the the morning she sells snacks in the school and resumes again at 12:00-2:30 in the afternoon. After selling snacks, this is the time when she opens her store at home.

Lalaine would like to obtain a loan of PHP 5,000 to be used as additional business capital for her store and school canteen business. She is hoping that, through her business and with the help of her husband, who operates a passenger tricycle, they will be able to provide for the educational needs of their children and enable them to finish their college education.


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Journal entries for Lalaine Bareno


Loan has been disbursed
 
Entrepreneur: Lalaine Bareno
Location: Tumauini, Isabela, Philippines

Thank you for your loan. It has been disbursed to Lalaine Bareno by Alalay sa Kaunlaran, Inc. (ASKI) in Philippines. We are excited to watch this business grow. Over the 5 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 Tumauini, Isabela, Philippines
Sep 15, 2009
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Catching up with Lalaine
 
Entrepreneur: Lalaine Bareno
Location: Tumauini, Isabela, Philippines

Lalaine talks about how she would like to expand Sari Sari (variety) store, her most popular items, and the one item she does not sell.


Posted by Adam Preston from Tumauini, Isabela, Philippines
Nov 6, 2009
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Kiva Help Repayment Schedule for Lalaine Bareno

  Expected Repayments Actual Repayments Comments
November 2009 $36.58 $36.58 Repayment Received
December 2009 $20.90 $20.90 Repayment Received
January 2010 $26.12 $26.12 Repayment Received
February 2010 $20.90 $41.40 Repayment Received
March 2010 $20.50 Available Mar 1 Repayment Received