Update from our loan to Evelyn Dionela in the Philippines

Evelyn Dionela in the Philippines

Evelyn Dionela in the Philippines

We received this update from Crispulo Alcantara, a Development Officer for Kiva field partner Ahon Sa Hirap, Inc. (ASHI):

During my loan utilization check, Evelyn is quite sad in informing me that her loan was not fully utilized because she used part of her loan in paying the bills, electricity for many months, she wants to settle the said account for the continue the operation of her store. She was able to renew their license of her store, and she borrowed Php1,000.00 for the medication of her child. She has a cash on hand amounting to Php6,000.00 to buy assorted ingredients to start her food vending.

She promised me to do her best to improve her business for her to be trusted by the lenders who supported her application.

The 5% Salamat Fund that goes directly to their group fund savings for emergency needs of the group, and Php600.00 Philhealth balance were deducted upon the release of her loan.

Related Posts with Thumbnails

Leave a Reply

 

 

 

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

*