Lilia Bacallan


Status: Paying Back

$125.00   Loan Amount
42% repaid

About the Entrepreneur

Name: Lilia Bacallan
Location: Tangub City, Misamis Occidental, Philippines
Activity: Bakery

About the Loan

Loan Amount: $125.00
Loan Use: to invest in expanding the business
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Aug 14, 2009
Date Disbursed: Aug 14, 2009
Date Funded:Aug 14, 2009

About the Country

Country:Philippines
Avg Annual Income:$1,175.00
Currency:Philippines Pesos (PHP)
Exchange Rate:47.9500 PHP = 1 USD



Lilia Bacallan is from the village of Maluro, Tangub City, in Misamis Occidental province. She is 37 years old. Lilia is married. To make a living, Lilia owns & operates a business venture in the food sector running a bakery. The main source of income for the business comes from baking & selling a variety of baked goods in the local community. Lilia has been engaged in her business for over 2 years and earns approximately 4000 PHP a month for these activities.



In 2009, Lilia joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Lilia is requesting a loan of 5000 PHP, which will be used to invest in expanding the business. This loan will be the first loan taken out by Lilia 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, fishermen and small business 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 Lilia Bacallan


Loan has been disbursed
 
Entrepreneur: Lilia Bacallan
Location: Tangub City, Misamis Occidental, Philippines

Thank you for your loan. It has been disbursed to Lilia Bacallan 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 Tangub City, Misamis Occidental, Philippines
Aug 15, 2009
Comment on this entry

new update
 
Entrepreneur: Lilia Bacallan
Location: Tangub City, Misamis Occidental, Philippines

Mrs. Lilia Bacallan is now very busy with her business bakery after the release of her loan from Gata Daku Multi-Purpose Cooperative and Kiva fUnders, through this she able to purchase more raw ingredients needed to her bakery to produced more delicacy. Through this she able to generate more income to sustain the daily needs of her family.


Posted by Angie Pascual from Tangub City, Misamis Occidental, Philippines
Aug 17, 2009
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Kiva Help Repayment Schedule for Lilia Bacallan

  Expected Repayments Actual Repayments Comments
October 2009 $14.42 $14.42 Repayment Received
November 2009 $19.23 $19.23 Repayment Received
December 2009 $19.24 $19.24 Repayment Received
January 2010 $24.03 Available Jan 1  
February 2010 $19.24 Available Feb 1  
March 2010 $19.23 Available Mar 1  
April 2010 $9.61 Available Apr 1