Teressa Camillo


Status: Paying Back

$150.00   Loan Amount
61% repaid

About the Entrepreneur

Name: Teressa Camillo
Location: Ozamis City, Misamis Occidental, Philippines
Activity: Food Production/Sales

About the Loan

Loan Amount: $150.00
Loan Use: To invest in expanding the business
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Jul 16, 2009
Date Disbursed: Jul 10, 2009
Date Funded:Jul 17, 2009

About the Country

Country:Philippines
Avg Annual Income:$1,175.00
Currency:Philippines Pesos (PHP)
Exchange Rate:48.1760 PHP = 1 USD



Teressa Camillo is from the village of Gango, Ozamiz City, Misamis Occidental. She is 41 years old. Teressa is married and has six school-aged children. To make a living, Teressa owns & operates a business making & selling ice candy. While not the only means for generating revenue, the main source of income for the business comes primarily from preparing and selling ice candy. Teressa has been engaged in her business for over one year and earns approximately 1200 PHP a month for these activities.

In 2007, Teressa joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Teressa has successfully repaid a previous loan of 5000 PHP from GDMPC. Teressa is requesting a new loan of 7000 PHP, which will be used to invest in expanding the business. This loan will be the fifth loan taken out by Teressa from GDMPC. She plans to use the additional revenue generated from the business to improve the general living conditions of her family.

About GDMPC:

GDMPC is one of the most progressive cooperatives in Mindanao, Philippines. It has four branches and three unit offices covering the provinces of Zamboanga del Sur, Lanao del Norte and Misamis Occidental. Its membership is composed mostly of farmers, fisherfolks and small entrepreneurs.

*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 Teressa Camillo


Loan has been disbursed
 
Entrepreneur: Teressa Camillo
Location: Ozamis City, Misamis Occidental, Philippines

Thank you for your loan. It has been disbursed to Teressa Camillo by Gata Daku Multi-purpose Cooperative in Philippines. We are excited to watch this business grow. Over the 6 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 Ozamis City, Misamis Occidental, Philippines
Jul 18, 2009
Comment on this entry

new update
 
Entrepreneur: Teressa Camillo
Location: Ozamis City, Misamis Occidental, Philippines

Mrs. Teressa Camillo is very busy with her ice candy business upon the release of her loan from Gata Daku Multi-Purpose Cooperative and Kiva Funders,through this she able to purchase more raw foods to add more ice candy production, Through this she able to generate more income to sustain the daily needs of her family.That is why she is thankful to Gata Daku Multi-Purpose Cooperative and Kiva Funders for giving her a financial assistant.


Posted by Angie Pascual from Ozamis City, Misamis Occidental, Philippines
Jul 30, 2009
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Kiva Help Repayment Schedule for Teressa Camillo

  Expected Repayments Actual Repayments Comments
September 2009 $17.31 $18.77 Repayment Received
October 2009 $28.85 $27.39 Repayment Received
November 2009 $23.08 $23.08 Repayment Received
December 2009 $23.08 $23.08 Repayment Received
January 2010 $28.85 Available Jan 1  
February 2010 $23.08 Available Feb 1  
March 2010 $5.75 Available Mar 1