Tessie Clarin
Status: Paying Back
| $175.00 | Loan Amount |
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61% repaid
About the Entrepreneur
| Name: | Tessie Clarin |
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| Location: | Ozamis City, Misamis Occidental, Philippines |
| Activity: | Farming |
About the Loan
| Loan Amount: | $175.00 |
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| Loan Use: | To pay for services to increase crop yield |
| Repayment Term: | 8 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Possible  |
| Date Listed: | Aug 8, 2009 |
| Date Disbursed: | Jul 16, 2009 |
| Date Funded: | Aug 9, 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 |
Tessie Clarin is from the village of Capucao in Ozamiz City. She is 33 years old. Tessie is married and has 3 young children. To make a living, Tessie plants, harvests, and sells corn. Tessie has been engaged in her business for over 2 years and earns approximately 3000 PHP a month from these activities.
In 2009, Tessie joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Tessie has successfully repaid a previous loan of 5000 PHP from GDMPC. Tessie is requesting a new loan of 8000 PHP which will be used to pay for services to increase crop yield. This loan will be the second loan taken out by Tessie from GDMPC. She plans to use the additional revenue generated from the business to pay her children's tuition fees and for daily consumption.
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 2009, Tessie joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Tessie has successfully repaid a previous loan of 5000 PHP from GDMPC. Tessie is requesting a new loan of 8000 PHP which will be used to pay for services to increase crop yield. This loan will be the second loan taken out by Tessie from GDMPC. She plans to use the additional revenue generated from the business to pay her children's tuition fees and for daily consumption.
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 Tessie Clarin
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Loan has been disbursed
Location: Ozamis City, Misamis Occidental, Philippines
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Posted by
from Ozamis City, Misamis Occidental, Philippines
Aug 10, 2009 |
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Comment on this entry
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Tessie Clarin
Location: Ozamis City, Misamis Occidental, Philippines
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Posted by
Susielyn Apale from Ozamis City, Misamis Occidental, Philippines
Sep 8, 2009 |
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Comment on this entry
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Repayment Schedule for Tessie Clarin
Repayment Schedule for Tessie Clarin
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| October 2009 | $47.12 | $47.12 |  Repayment Received
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| November 2009 | $26.92 | $26.92 | Repayment Received
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| December 2009 | $33.65 | $33.65 | Repayment Received
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| January 2010 | $26.92 | Available Jan 1 | |||
| February 2010 | $26.93 | Available Feb 1 | |||
| March 2010 | $13.46 | Available Mar 1 | |||
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