Jackielyn Armamento

Status: Paying Back

$125
Loan Request
Pre-Disbursed : Oct 16, 2009
Listed: Nov 15, 2009
Funded: Nov 15, 2009
55% repaid

About the Country

Country:Philippines
Avg Annual Income:$1175
Currency:Philippines Pesos (PHP)
Exchange Rate:46.5100 PHP = 1 USD


About the Loan

Location: Talakag , Bukidnon, Philippines   Repayment Term: 7 months
(more info)
Activity: General Store   Repayment Schedule: Monthly
Loan Use: To purchase additional products to sell   Currency Exchange Loss: Covered
      Default Protection: Covered
Jackielyn Armamento is from the village of Sto Nino, Talakag Bukidnon. She is 38 years old. Jackielyn is married and has seven school-aged children. To make a living, Jackielyn owns & operates a sari-sari (variety) retail shop selling both food & daily use products in the local community. Jackielyn has been engaged in her business for over three years and earns approximately 5000 PHP a month for these activities.

In 2009, Jackielyn joined HSPFI to gain access to financial services to help improve her living situation and ability to engage in business activities. Jackielyn is requesting a new loan of 5000 PHP, which will be used to purchase additional products to sell. This loan will be the first loan taken out by Jackielyn 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 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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Bob
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Loan to Jackielyn Armamento in Philippines has been 100% funded
 
Entrepreneur: Jackielyn Armamento
Location: Talakag , Bukidnon, Philippines

Thanks to you and 4 other Kiva Lenders, the 125.00 loan requested by Jackielyn Armamento in Philippines has been 100% funded. The loan will be used for the purpose of: To purchase additional products to sell.

Over the months of this loan, Kiva’s Field Partner in Philippines, 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 Talakag , Bukidnon, Philippines
Nov 15, 2009
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Kiva Help Repayment Schedule for Jackielyn Armamento

  Expected Repayments Actual Repayments Comments
January 2010 $43.75 $43.75 Repayment Received
February 2010 $25.00 $25.00 Repayment Received
March 2010 $25.00 Available Mar 1  
April 2010 $25.00 Available Apr 1  
May 2010 $6.25 Available May 1