Teddy Zambo


Status: Paying Back

$850.00   Loan Amount
25% repaid

About the Entrepreneur

Name: Teddy Zambo
Location: San Jose, Aurora, Zamboanga Del Sur, Philippines
Activity: Services

About the Loan

Loan Amount: $850.00
Loan Use: To invest in expanding the business
Repayment Term: 15 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Jul 24, 2009
Date Disbursed: Jul 22, 2009
Date Funded:Jul 25, 2009

About the Country

Country:Philippines
Avg Annual Income:$1,175.00
Currency:Philippines Pesos (PHP)
Exchange Rate:48.1410 PHP = 1 USD



Teddy Zambo is from the village of San Jose, Aurora, Zamboanga del Sur. He is 33 years old, is married and has two infant children.

Teddy owns and operates a service-based business providing photocopying services in the local community. He has been engaged in his business for over two years and earns approximately 10,000 PHP a month.

In 2007, Teddy joined GDMPC to gain access to financial services to help improve his living situation and his ability to engage in business activities. He has successfully repaid a previous loan of 25,000 PHP from GDMPC.

Teddy is requesting a new loan of 40,000 PHP which will be used to invest in expanding the business. This loan will be his eighth from GDMPC. He plans to use the additional revenue generated from the business to improve the general living conditions of his 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, 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 Teddy Zambo


Loan has been disbursed
 
Entrepreneur: Teddy Zambo
Location: San Jose, Aurora, Zamboanga Del Sur, Philippines

Thank you for your loan. It has been disbursed to Teddy Zambo by Gata Daku Multi-purpose Cooperative in Philippines. We are excited to watch this business grow. Over the 13 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 San Jose, Aurora, Zamboanga Del Sur, Philippines
Jul 26, 2009
Comments (1)

Teddy Update
 
Entrepreneur: Teddy Zambo
Location: San Jose, Aurora, Zamboanga Del Sur, Philippines

Now that Teddy purchase a new set of computer, he was able to give better service to his regular costumers, he also accept encoding, printing and other services, and he was grateful because his costumers increase.And now his business keeps on improving, that make him so thankful for he was able to send his wife to school for Masteral degree.


Posted by Sharon Lacierda from San Jose, Aurora, Zamboanga Del Sur, Philippines
Aug 14, 2009
Comment on this entry

Kiva Help Repayment Schedule for Teddy Zambo

  Expected Repayments Actual Repayments Comments
September 2009 $0.00 $19.12  
October 2009 $70.83 $74.37 Repayment Received
November 2009 $70.84 $0.00 Repayment Received
December 2009 $70.83 $119.01 Repayment Received
January 2010 $70.83 Available Jan 1  
February 2010 $70.84 Available Feb 1  
March 2010 $70.83 Available Mar 1  
April 2010 $70.83 Available Apr 1  
May 2010 $70.84 Available May 1  
June 2010 $70.83 Available Jun 1  
July 2010 $70.83 Available Jul 1  
August 2010 $70.84 Available Aug 1  
September 2010 $70.83 Available Sep 1  
October 2010 $0.00 Available Oct 1