Francisco Talo


Status: Paying Back

$650.00   Loan Amount
0% repaid

About the Entrepreneur

Name: Francisco Talo
Location: Clarin Mis. Ooc., Philippines
Activity: Motorcycle Transport

About the Loan

Loan Amount: $650.00
Loan Use: to expand a small transportation business
Repayment Term: 7 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Nov 4, 2009
Date Disbursed: Nov 4, 2009
Date Funded:Nov 6, 2009

About the Country

Country:Philippines
Avg Annual Income:$1,175.00
Currency:Philippines Pesos (PHP)
Exchange Rate:47.6300 PHP = 1 USD



Francisco Talo lives in the town of P-6 Gata Daku Clarin Misamis Occidental. He is 52 years old, married and has four grown children. Francisco makes a living by transporting people around on his motorcycle. He has been in this business for over five years and earns approximately 3,000 PHP a month from his work.

In 2007, Francisco joined GDMPC to gain access to financial services that would help him improve his life and expand business. He has successfully repaid three previous loans from GDMPC, and is applying for a new loan to use to expand his business. He plans to use the additional revenue made possible by this loan to improve his family's living conditions.

About GDMPC:
GDMPC is one of the most progressive cooperatives in Mindanao, Philippines. It has four branches and three units overing 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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208 Members

Journal entries for Francisco Talo


Loan has been disbursed
 
Entrepreneur: Francisco Talo
Location: Clarin Mis. Ooc., Philippines

Thank you for your loan. It has been disbursed to Francisco Talo 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 Mis. Ooc., Philippines
Nov 7, 2009
Comment on this entry

new update
 
Entrepreneur: Francisco Talo
Location: Clarin Mis. Ooc., Philippines

Mr. Francisco Talo is now very busy with his motorcycle upon the release of his from Gata Daku Multi-Purpose Cooperative nad Kiva fUnders,because he able to repair and purchase the spare parts needed to her motor to make more convenient to his passengers,through this he able to generate more income to sustain the daily needs of his family. That is why he is thankful to Gata Daku Multi-Purpose Cooperative and Kiva Funders for giving him a financial assistant.


Posted by Angie Pascual from Clarin Mis. Ooc., Philippines
Nov 16, 2009
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Kiva Help Repayment Schedule for Francisco Talo

  Expected Repayments Actual Repayments Comments
February 2010 $130.00 Available Feb 1  
March 2010 $130.00 Available Mar 1  
April 2010 $130.00 Available Apr 1  
May 2010 $130.00 Available May 1  
June 2010 $130.00 Available Jun 1