This loan has been FULLY FUNDED by 5 lenders!

Marilou Pagulayan
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Status: Paid Back

$125
Loan Request
Pre-Disbursed : Mar 6, 2009
Listed: Apr 2, 2009
Funded: Apr 2, 2009
$125
Paid Back
Ended: Sep 15, 2009
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About the Loan

Location: Ilagan, Isabela, Philippines   Repayment Term: 7 months
(more info)
Activity: Food Production/Sales   Repayment Schedule: Monthly
Loan Use: Business Expansion   Currency Exchange Loss: Covered
      Default Protection: Covered
Marilou has been a vendor of snacks and vegetables in their village for one year. But aside from vending, she is also engaged in hog-raising to assist her husband in providing for the needs of their family. She is now requesting a loan of PHP 6,000 that she will use to expand her snack-vending of barbecue and other easy-to-prepare snacks. She is hoping that someday she can become successful in her chosen enterprise and continue to send her children to school. She hopes that someday her children will finish their studies through their sacrifices.



Marilou is 49 years old and married to Orlando who manages their small farm. They are blessed with five children: the eldest is Vanessa, 22 years old, a high school graduate. Second is Krislene, 18 years old, a high school student; Kristle, 16 years old, second-year high school; Jeristy, 14 years old, an elementary student, and the youngest is Algie, 3 years old. Three of their children pursue their education despite their age. They believe age does not matter if you want a better life.



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About the Country

Country:Philippines
Avg Annual Income:$1175
Currency:Philippines Pesos (PHP)
Exchange Rate:48.2628 PHP = 1 USD
5 Lenders to this Entrepreneur

Buchanan Family
www.kivafriends.org, Ramsey, NJ
United States

Ronan
Dallas, TX
United States

Nick
Boulder, CO
United States

Lynn
Menlo Park, CA
United States



Top Lending Teams for this Entrepreneur


Philippines
Local Area
161 Members

Cooper Union
Colleges/Universities
24 Members

Journal entries for Marilou Pagulayan


Subject: Loan has been disbursed
Location: Ilagan, Isabela, Philippines

Thank you for your loan. It has been disbursed to Marilou Pagulayan 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 Ilagan, Isabela, Philippines
Apr 3, 2009
Comment on this entry

Subject: Bigger capital, bigger income
Location: Ilagan, Isabela, Philippines

Marilou used her loan as a rolling capital for her snack vending business that resulted to good income. She wanted to extend her gratitude to the KIVA lenders for supporting her business.


Posted by Kristine Victoria from Ilagan, Isabela, Philippines
Jun 1, 2009
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Kiva Help Repayment Schedule for Marilou Pagulayan

  Expected Repayments Actual Repayments Comments
June 2009 $41.68 $41.64 Repayment Received
July 2009 $20.84 $20.84 Repayment Received
August 2009 $26.05 $26.05 Repayment Received
September 2009 $20.84 $20.88 Repayment Received
October 2009 $15.59 $15.59 Repayment Received