Betty Semilla


Status: Paying Back

$125.00   Loan Amount
19% repaid

About the Entrepreneur

Name: Betty Semilla
Location: Jimenez, Misamis Occidental, Philippines
Activity: Fruits & Vegetables

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: Oct 13, 2009
Date Disbursed: Sep 29, 2009
Date Funded:Oct 13, 2009

About the Country

Country:Philippines
Avg Annual Income:$1,175.00
Currency:Philippines Pesos (PHP)
Exchange Rate:46.5300 PHP = 1 USD



Betty Semilla is from the village of Rizal, Jimenez, Misamis Occidental. She is 50 years old. Betty is married and has four adult-aged children. To make a living, Betty owns and operates a business venture in the agriculture sector raising crops. The main source of income for the business comes from buying and selling vegetables in the local community. Betty has been engaged in her business for over 10 years and earns approximately 5,000 Philippine pesos a month for these activities.

In 2009, Betty joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Betty has successfully repaid a previous loan of 5,000 PHP from GDMPC. This previous loan was used as additional capital for selling vegetables. Betty is requesting a new loan of 5,000 PHP, which will be used to invest in expanding the business. This will be the second loan taken out by Betty from GDMPC. She plans to use the additional revenue generated from the business to supplement the family's income.

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 Betty Semilla


Loan has been disbursed
 
Entrepreneur: Betty Semilla
Location: Jimenez, Misamis Occidental, Philippines

Thank you for your loan. It has been disbursed to Betty Semilla by Gata Daku Multi-purpose Cooperative (GDMPC) in Philippines. We are excited to watch this business grow. Over the 5 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 Jimenez, Misamis Occidental, Philippines
Oct 14, 2009
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Kiva Help Repayment Schedule for Betty Semilla

  Expected Repayments Actual Repayments Comments
December 2009 $24.04 $24.04 Repayment Received
January 2010 $19.23 Available Jan 1  
February 2010 $24.04 Available Feb 1  
March 2010 $19.23 Available Mar 1  
April 2010 $19.23 Available Apr 1  
May 2010 $19.23 Available May 1