Alexander Adala
Status: Paying Back
| $225.00 | Loan Amount |
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50% repaid
About the Entrepreneur
| Name: | Alexander Adala |
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| Location: | Clarin Misamis Occidental, Philippines |
| Activity: | Services |
About the Loan
| Loan Amount: | $225.00 |
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| Loan Use: | To invest in expanding his business |
| Repayment Term: | 8 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Possible  |
| Date Listed: | Aug 7, 2009 |
| Date Disbursed: | Jul 22, 2009 |
| Date Funded: | Aug 7, 2009 |
About the Field Partner
About the Field Partner
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| Field Partner: | Gata Daku Multi-purpose Cooperative (GDMPC) |
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| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 6 months |
| Kiva Entrepreneurs: | 982 |
| Total Loans: | $192,650 |
| Delinquency Rate: | 1.61% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Philippines |
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| Avg Annual Income: | $1,175.00 |
| Currency: | Philippines Pesos (PHP) |
| Exchange Rate: | 47.7800 PHP = 1 USD |
Alexander Adala is from the village of Lapasan, Clarin, Misamis Occidental. He is thirty-two years old. Alexander is married and has two school-age children. To make a living, Alexander owns and operates a service-based business, providing vulcanizing services to local community members. Alexander has been engaged in his business for over five years and earns approximately $67 a month for these activities.
In 2004, Alexander joined GDMPC to gain access to financial services to help improve his living situation by engaging in business activities. He has successfully repaid previous loans from GDMPC. Alexander is requesting a new loan of 10000 PHP which will be used to invest in expanding the business. This will be his eleventh loan from GDMPC. He plans to use the additional revenue generated from the expansion to further improve his business.
About GDMPC:
GDMPC is one of the most progressive cooperatives in Mindanao, Philippines. It has four branches and three units 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.
In 2004, Alexander joined GDMPC to gain access to financial services to help improve his living situation by engaging in business activities. He has successfully repaid previous loans from GDMPC. Alexander is requesting a new loan of 10000 PHP which will be used to invest in expanding the business. This will be his eleventh loan from GDMPC. He plans to use the additional revenue generated from the expansion to further improve his business.
About GDMPC:
GDMPC is one of the most progressive cooperatives in Mindanao, Philippines. It has four branches and three units 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 Alexander Adala
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Loan has been disbursed
Location: Clarin Misamis Occidental, Philippines
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Posted by
from Clarin Misamis Occidental, Philippines
Aug 8, 2009 |
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new update
Location: Clarin Misamis Occidental, Philippines
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Posted by
Angie Pascual from Clarin Misamis Occidental, Philippines
Aug 10, 2009 |
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Repayment Schedule for Alexander Adala
Repayment Schedule for Alexander Adala
| Expected Repayments | Actual Repayments | Comments | |||
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| October 2009 | $37.50 | $45.59 |  Repayment Received
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| November 2009 | $37.50 | $29.41 | Repayment Received
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| December 2009 | $37.50 | $37.50 | Repayment Received
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| January 2010 | $37.50 | Available Jan 1 | |||
| February 2010 | $37.50 | Available Feb 1 | |||
| March 2010 | $37.50 | Available Mar 1 | |||
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