Juditha Guinea


Status: Paying Back

$325.00   Loan Amount
0% repaid

About the Entrepreneur

Name: Juditha Guinea
Location: Clarin Misamis Occidental, Philippines
Activity: Pigs

About the Loan

Loan Amount: $325.00
Loan Use: To invest in expanding her business
Repayment Term: 8 months - View details below
Lenders Repaid: At end of term
Currency Exchange Loss: Possible
Date Listed: Oct 13, 2009
Date Disbursed: Oct 13, 2009
Date Funded:Oct 15, 2009

About the Country

Country:Philippines
Avg Annual Income:$1,175.00
Currency:Philippines Pesos (PHP)
Exchange Rate:46.4200 PHP = 1 USD



Juditha Guinea is from the town of Kinangay Sur Clarin, Misamis Occidental. She is 66 years old. Juditha is widowed and has five grown children. To make a living, Juditha owns and operates a business raising livestock. The main source of income for the business comes from raising pigs for sale. Juditha has been engaged in her business for over five years and earns approximately $215 a month from these activities.

In 2003, Juditha joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Juditha has successfully repaid a previous loan of 15,000 PHP from GDMPC. Juditha is requesting a new loan of 15,000 PHP which will be used to invest in expanding her business. This will be her sixth loan 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, fisherfolk 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 Juditha Guinea


Loan has been disbursed
 
Entrepreneur: Juditha Guinea
Location: Clarin Misamis Occidental, Philippines

Thank you for your loan. It has been disbursed to Juditha Guinea 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 Clarin Misamis Occidental, Philippines
Oct 16, 2009
Comment on this entry

new update
 
Entrepreneur: Juditha Guinea
Location: Clarin Misamis Occidental, Philippines

Mrs. Juditha Guinea is now very busy with her business upon the release of her loan from Gata Daku Multi-Purpose Cooperative and Kiva Funders through this she able to finance her business for more improvement through this she able to generate more income to sustain the daily needs of her family.That is why she is thankful to Gata Daku Multi-Purpose Cooperative and Kiva Funders for giving her a financial assistant.


Posted by Angie Pascual from Clarin Misamis Occidental, Philippines
Oct 19, 2009
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Kiva Help Repayment Schedule for Juditha Guinea

  Expected Repayments Actual Repayments Comments
June 2010 $325.00 Available Jun 1