Pearly Dumaog


Status: Paying Back

$450.00   Loan Amount
8% repaid

About the Entrepreneur

Name: Pearly Dumaog
Location: Lopez Jaena, Misamis Occidental, Philippines
Activity: General Store

About the Loan

Loan Amount: $450.00
Loan Use: To purchase additional product to sell
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Oct 22, 2009
Date Disbursed: Sep 24, 2009
Date Funded:Oct 24, 2009

About the Country

Country:Philippines
Avg Annual Income:$1,175.00
Currency:Philippines Pesos (PHP)
Exchange Rate:46.8301 PHP = 1 USD



Pearly Dumaog is from the village of Danlugan Lopez Jaena. She is 34 years old. Pearly is married. To make a living, Pearly owns & operates a sari-sari" general store, selling a variety of products such as can goods, sugar, rice, salt, shampoo, soap and other products needed in the local community. Pearly has been engaged in her business for over nine years and earns approximately 10,000 PHP a month for these activities.

In 2007, Pearly joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Pearly has successfully repaid a previous loan of 20,000 PHP from GDMPC. Pearly is requesting a new loan of 20000 PHP, which will be used to purchase additional product to sell. This loan will be the fifth loan taken out by Pearly from GDMPC. She plans to use the additional revenue generated from the business to improve/expand her business and to save the income for a future emergency.

About GDMPC:

GDMPC is one of the most progressive cooperatives in Mindanao, Philippines. It has four branches and three units with 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 Pearly Dumaog


Loan has been disbursed
 
Entrepreneur: Pearly Dumaog
Location: Lopez Jaena, Misamis Occidental, Philippines

Thank you for your loan. It has been disbursed to Pearly Dumaog by Gata Daku Multi-purpose Cooperative (GDMPC) in Philippines. We are excited to watch this business grow. Over the 12 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 Lopez Jaena, Misamis Occidental, Philippines
Oct 25, 2009
Comment on this entry

Kiva Help Repayment Schedule for Pearly Dumaog

  Expected Repayments Actual Repayments Comments
December 2009 $37.50 $37.53 Repayment Received
January 2010 $56.25 Available Jan 1  
February 2010 $37.50 Available Feb 1  
March 2010 $18.75 Available Mar 1  
April 2010 $37.50 Available Apr 1  
May 2010 $56.25 Available May 1  
June 2010 $37.50 Available Jun 1  
July 2010 $37.50 Available Jul 1  
August 2010 $37.50 Available Aug 1  
September 2010 $18.75 Available Sep 1  
October 2010 $56.25 Available Oct 1  
November 2010 $18.75 Available Nov 1