This loan has been FULLY FUNDED by 11 lenders!

Charmilyn Credo
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Status: Paying Back

$300
Loan Request
Pre-Disbursed : Sep 25, 2009
Listed: Oct 20, 2009
Funded: Oct 21, 2009
Looking for a Fundraising Loan?
91% repaid

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About the Loan

Location: Bacnor East, Burgos, Isabela, Philippines   Repayment Term: 8 months
(more info)
Activity: Cosmetics Sales   Repayment Schedule: Monthly
Loan Use: Additional capital to buy more items to sell   Currency Exchange Loss: Possible
      Default Protection: Covered
Charmilyn Credo is from the village of Bacnor East, Burgos, Isabela, and is happily married to Reynaldo. They are gifted with two children as fruit of their love. Their main source of income is farming, but it is not suitable for emergency cases when it is not time for harvesting. Charmilyn operates her own business direct selling Avon, Natasha, and MSE cosmetics and apparel products. At the same time, she sells frozen food for an extra source of income. She looks for customers around her village to buy her products.

Her husband works in their fields. Their yield serves them for their children's expenditures in school. Her husband also works for someone else for extra income if he has time. Sometimes Charmilyn is also doing activities in their fields to help her husband. At present, her customers are increasing but her capital is insufficient to supply all her customers' orders. She wants to have more income because her family expenditures have increased. She wants to borrow the amount of 13,000 Philippine pesos from Kiva lenders to be able to buy more items to sell.



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About the Country

Country:Philippines
Avg Annual Income:$1175
Currency:Philippines Pesos (PHP)
Exchange Rate:46.4900 PHP = 1 USD
11 Lenders to this Entrepreneur

Nazaret
Lublin, Poland
Poland

Mom & Bill
Daly City, CA
United States

Marc
Belo Horizonte, Minas Gerais
Brazil

Merryn
Lane Cove, New South Wales
Australia

Laurent D
Brussels,
Belgium

Pam
Bayswater North, Victoria
Australia

Michel
LaSalle, Quebec
Canada

Maki
Fukui, Fukui
Japan

MKO
Singapore,
Singapore

Ian Kelly
Poole, Dorset
United Kingdom

Raf
Christchurch, Canterbury
New Zealand



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Journal entries for Charmilyn Credo


Subject: Loan has been disbursed
Location: Bacnor East, Burgos, Isabela, Philippines

Thank you for your loan. It has been disbursed to Charmilyn Credo 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 Bacnor East, Burgos, Isabela, Philippines
Oct 22, 2009
Comment on this entry

Subject: Update for Charmilyn
Location: Bacnor East, Burgos, Isabela, Philippines

Charmilyn is selling cosmetics and different apparels from NATASHA and AVON. She is thankful because her credit line in direct selling increased with the help of the loan she borrowed from KIVA lenders. She can see that her business is growing and she hopes to become successful for the benefit of her family.

The loan was funded by Kiva's field partner, Alalay sa Kaunlaran (ASKI), Philippines. ASKI's vision: A God-centered model microfinance organization committed to serving the poorer communities in Luzon through socio-economic development and holistic transformation.

To see ASKI's borrowers who are currently fund raising on Kiva click Here

To read more about ASKI, please visit their partner profile page Here

Support ASKI and their staff by joining the ASKI lending team Here


Posted by Kristine Victoria from Bacnor East, Burgos, Isabela, Philippines
Feb 28, 2010
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Kiva Help Repayment Schedule for Charmilyn Credo

  Expected Repayments Actual Repayments Comments
December 2009 $62.54 $62.54 Repayment Received
January 2010 $62.54 $62.54 Repayment Received
February 2010 $50.03 $50.03 Repayment Received
March 2010 $50.03 $50.03 Repayment Received
April 2010 $50.03 $50.03 Repayment Received
May 2010 $24.83 Available May 1