Mary Ann Agbayani

Status: Paying Back

$300
Loan Request
Pre-Disbursed : Oct 28, 2009
Listed: Nov 20, 2009
Funded: Nov 20, 2009
41% repaid

About the Country

Country:Philippines
Avg Annual Income:$1175
Currency:Philippines Pesos (PHP)
Exchange Rate:46.6950 PHP = 1 USD


About the Loan

Location: Ramona,angadanan, Isabela, Philippines   Repayment Term: 8 months
(more info)
Activity: Recycling   Repayment Schedule: Monthly
Loan Use: To use as additional capital for her junk shop   Currency Exchange Loss: Possible
      Default Protection: Covered
Mary Ann, 39, has operated a junk shop business for almost seven years. She buys junk materials in different places and sells it in her village. From this she earns a weekly net income of Php 300. She has also managed a welding and vulcanizing (tire repair) shop for almost a year.

But due to an inadequate budget, Mary Ann plans to apply for a loan of Php 13,000 as additional capital to purchase more junk. She is hoping earnestly that her requested loan will be granted.

Mary Ann wants to expand her business in order to produce more income for the education of her son. She is married to Kennedy Agbayani and they are blessed with two children: Kenny Mar, 20, a farmer, and Kennedy Jr., 15, a first-year college student.


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Journal entries for Mary Ann Agbayani


Loan to Mary Ann Agbayani in Philippines has been 100% funded
 
Entrepreneur: Mary Ann Agbayani
Location: Ramona,angadanan, Isabela, Philippines

Thanks to you and 11 other Kiva Lenders, the 300.00 loan requested by Mary Ann Agbayani in Philippines has been 100% funded. The loan will be used for the purpose of: To use as additional capital for her junk shop.

Over the months of this loan, Kiva’s Field Partner in Philippines, Alalay sa Kaunlaran, Inc. (ASKI), will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Ramona,angadanan, Isabela, Philippines
Nov 20, 2009
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Kiva Help Repayment Schedule for Mary Ann Agbayani

  Expected Repayments Actual Repayments Comments
January 2010 $62.54 $62.54 Repayment Received
February 2010 $62.54 $62.54 Repayment Received
March 2010 $50.03 Available Mar 1  
April 2010 $50.03 Available Apr 1  
May 2010 $50.03 Available May 1  
June 2010 $24.83 Available Jun 1