Gretchen Trimachi


Status: Paying Back

$1,075.00   Loan Amount
12% repaid

About the Entrepreneur

Name: Gretchen Trimachi
Location: Clarin Mis. Ooc., Philippines
Activity: Food Production/Sales

About the Loan

Loan Amount: $1,075.00
Loan Use: To purchase raw ingredients needed to make products for sale
Repayment Term: 10 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Oct 1, 2009
Date Disbursed: Sep 26, 2009
Date Funded:Oct 18, 2009

About the Country

Country:Philippines
Avg Annual Income:$1,175.00
Currency:Philippines Pesos (PHP)
Exchange Rate:47.4200 PHP = 1 USD



Gretchen Trimachi is from the village of P-4 Malibangcao Clarin, Misamis Occidental. She is 23 years old. Gretchen is married.


To make a living, Gretchen owns & operates a business making & selling food. The main source of income for the business comes from preparing and selling cooked food for daily meals. Gretchen has been engaged in her business for over 5 years and earns approximately 10,000 PHP a month.


In 2009, Gretchen joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Gretchen is requesting a loan of 50,000 PHP which will be used to purchase raw ingredients needed to make products for sale. This loan will be the first loan taken out by Gretchen from GDMPC. She plans to use the additional revenue generated from the business to improve/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, 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 Gretchen Trimachi


Loan has been disbursed
 
Entrepreneur: Gretchen Trimachi
Location: Clarin Mis. Ooc., Philippines

Thank you for your loan. It has been disbursed to Gretchen Trimachi by Gata Daku Multi-purpose Cooperative (GDMPC) in Philippines. We are excited to watch this business grow. Over the 8 months of this loan, Gata Daku Multi-purpose Cooperative (GDMPC) will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Clarin Mis. Ooc., Philippines
Oct 19, 2009
Comments (1)

Kiva Help Repayment Schedule for Gretchen Trimachi

  Expected Repayments Actual Repayments Comments
December 2009 $134.38 $134.38 Repayment Received
January 2010 $134.37 Available Jan 1  
February 2010 $134.38 Available Feb 1  
March 2010 $134.37 Available Mar 1  
April 2010 $134.38 Available Apr 1  
May 2010 $134.37 Available May 1  
June 2010 $134.38 Available Jun 1  
July 2010 $134.37 Available Jul 1