Marichu Dumape


Status: Paying Back

$550.00   Loan Amount
84% repaid

About the Entrepreneur

Name: Marichu Dumape
Location: Balide, Aurora, Zamboanga Del Sur, Philippines
Activity: Printing

About the Loan

Loan Amount: $550.00
Loan Use: To purchase materials needed to expand photocopy business.
Repayment Term: 7 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 15, 2009
Date Disbursed: Jun 3, 2009
Date Funded:Jun 15, 2009

About the Country

Country:Philippines
Avg Annual Income:$1,175.00
Currency:Philippines Pesos (PHP)
Exchange Rate:47.3821 PHP = 1 USD



Marichu Dumape is from the village of Balide, Aurora, Zamboanga del Sur. She is 30 years old. Marichu is married and has 2 school-aged children. To make a living, Marichu owns & operates a business providing photocopying services in the local community. Marichu has been engaged in her business for over 2 years and earns approximately 5000 PHP a month for these activities.

In 2007, Marichu joined GDMPC to gain access to financial services to help improve her living situation and to engage in business activities. Marichu has successfully repaid a previous loan of 20,000 PHP from GDMPC. This previous loan was used to purchase equipment to improve the business. Marichu is requesting a new loan of 25000 PHP to be used to purchase materials needed to expand the services provided. This will be the fourth loan taken out by Marichu from GDMPC. She plans to use the additional revenue generated from the business to pay school tuition and to improve the general living conditions of 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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Journal entries for Marichu Dumape


Loan has been disbursed
 
Entrepreneur: Marichu Dumape
Location: Balide, Aurora, Zamboanga Del Sur, Philippines

Thank you for your loan. It has been disbursed to Marichu Dumape 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 Balide, Aurora, Zamboanga Del Sur, Philippines
Jun 16, 2009
Comment on this entry

purchse new computer
 
Entrepreneur: Marichu Dumape
Location: Balide, Aurora, Zamboanga Del Sur, Philippines

Marichu Dumape was able to purchase new computer for her business.


Posted by Sharon Lacierda from Balide, Aurora, Zamboanga Del Sur, Philippines
Jun 26, 2009
Comment on this entry

Kiva Help Repayment Schedule for Marichu Dumape

  Expected Repayments Actual Repayments Comments
August 2009 $84.60 $84.60 Repayment Received
September 2009 $105.75 $105.75 Repayment Received
October 2009 $84.60 $95.62 Repayment Received
November 2009 $84.60 $73.58 Repayment Received
December 2009 $105.75 $105.75 Repayment Received
January 2010 $84.70 Available Jan 1