Meriam Buensalida


Status: Paying Back

$100.00   Loan Amount
92% repaid

About the Entrepreneur

Name: Meriam Buensalida
Location: Oroquieta City Misamis Occidental, Philippines
Activity: General Store

About the Loan

Loan Amount: $100.00
Loan Use: to purchase additional products to sell
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: May 22, 2009
Date Disbursed: May 20, 2009
Date Funded:May 22, 2009

About the Country

Country:Philippines
Avg Annual Income:$1,175.00
Currency:Philippines Pesos (PHP)
Exchange Rate:46.6527 PHP = 1 USD



Meriam Buensalida is from the village of San Vicente Bajo, Oroquieta City, Misamis Occidental. She is 41 years old. Meriam is married. To make a living, Meriam owns and operates a business venture in the retail sector: a "sari-sari store" or general store. While not the only means for generating revenue, the main source of income for the business comes primarily from selling daily-use products such as shampoo, soap, toothpaste, etc. in the local community. Meriam has been engaged in her business for over 10 years and earns approximately 6,000 PHP a month from this activity.



In 2009, Meriam joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Meriam is requesting a new loan of 4000 PHP which will be used to purchase additional products to sell in her "sari-sari store". This loan will be the first loan taken out by Meriam from GDMPC. She plans to use the additional revenue generated from the business to save as a reserve for future emergencies for herself and for her family.



About GDMPC:



GDMPC is one of the most progressive cooperatives in Mindanao, Philippines.



*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, Kiva created this template for our Field Partner to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.


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Lenders to this entrepreneur

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New York, NY
United States

otis
indianapolis, IN
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Jamie
Oldham,
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Raymund and Lanie
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Top Lending Teams for this entrepreneur

Journal entries for Meriam Buensalida


Loan has been disbursed
 
Entrepreneur: Meriam Buensalida
Location: Oroquieta City Misamis Occidental, Philippines

Thank you for your loan. It has been disbursed to Meriam Buensalida by Gata Daku Multi-purpose Cooperative in Philippines. We are excited to watch this business grow. Over the 5 months of this loan, Gata Daku Multi-purpose Cooperative will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Oroquieta City Misamis Occidental, Philippines
May 23, 2009
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Purchase additional products to sell
 
Entrepreneur: Meriam Buensalida
Location: Oroquieta City Misamis Occidental, Philippines

Meriam Buensalida was able to purchase more products to sell in her "sari-sari" store.


Posted by Charmielou Sanchez from Oroquieta City Misamis Occidental, Philippines
Jun 29, 2009
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Kiva Help Repayment Schedule for Meriam Buensalida

  Expected Repayments Actual Repayments Comments
July 2009 $7.70 $7.70 Repayment Received
August 2009 $15.40 $15.40 Repayment Received
September 2009 $19.25 $19.25 Repayment Received
October 2009 $15.40 $15.40 Repayment Received
November 2009 $15.40 $15.40 Repayment Received
December 2009 $19.25 $19.25 Repayment Received
January 2010 $7.60 Available Jan 1