Violeta Fabia


Status: Paid Back

$875.00   Loan Request
$875.00   Paid Back

About the Entrepreneur

Name: Violeta Fabia
Location: Clarin Misamis Occidental, Philippines
Activity: Retail

About the Loan

Loan Amount: $875.00
Loan Use: To purchase additional products to sell
Repayment Term: 8 months - View details below
Lenders Repaid: At end of term
Currency Exchange Loss: Possible
Date Listed: Jul 22, 2009
Date Disbursed: Jul 21, 2009
Date Funded:Jul 25, 2009
Loan Ended:Nov 15, 2009

About the Country

Country:Philippines
Avg Annual Income:$1,175.00
Currency:Philippines Pesos (PHP)
Exchange Rate:48.0900 PHP = 1 USD



Violeta Fabia is from the village of Poblacion 1, Clarin, Misamis Occidental. She is 44 years old, is married, and has four school-aged children.

Violeta owns and operates a specialized retail store, primarily selling school supplies in the local community. She has been engaged in her business for over two years and earns approximately 10,000 PHP a month.

In 2004, Violeta joined GDMPC to gain access to financial services to help improve her living situation and her ability to engage in business activities. She has successfully repaid a previous loan from GDMPC.

Violeta is requesting a new loan of 42,000 PHP which will be used to purchase additional products to sell. This loan will be her tenth from GDMPC. She plans to use the additional revenue generated from the business to improve and expand her business.


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, fisherfolk 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 Violeta Fabia


Loan has been disbursed
 
Entrepreneur: Violeta Fabia
Location: Clarin Misamis Occidental, Philippines

Thank you for your loan. It has been disbursed to Violeta Fabia 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 Clarin Misamis Occidental, Philippines
Jul 26, 2009
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Kiva Help Repayment Schedule for Violeta Fabia

  Expected Repayments Actual Repayments Comments
December 2009 $0.00 $875.00  
March 2010 $875.00 Available Mar 1 Repayment Received