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Gelisah Fay
Gelisah Fay D. R. is from the village of Happy Valley, Tambulig Zamboang Del Sur. She is 33 years old. Gelisah Fay is married and has 3 school-aged children. To make a living, Gelisah Fay owns & operates a business venture in the retail sector operating a specialized retail store. While not the only means for generating revenue, the main source of income for the business comes primarily from selling "chicharon" fried skin from pig and cow products and other dried goods in the local community. Gelisah Fay has been engaged in her business for over 7 years and earns approximately 10000 PHP a month for these activities.

In 2007, Gelisah Fay joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Gelisah Fay has successfully repaid a previous loan of 15000 PHP from GDMPC. Gelisah Fay is requesting a new loan of 20000 PHP which will be used to invest in expanding the business and used as an additional capital of the business. This loan will be the fifth loan taken out by Gelisah Fay from GDMPC. She plans to use the additional revenue generated from the business to pay the tuition fees for her children and save as a reserve for future needs of the family.

About GDMPC:

GDMPC is one of the most progressive cooperatives in Mindanao, Philippines.

*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.

Additional Information

About GDMPC

Gata Daku Multi-Purpose Cooperative (GDMPC) was founded in 1992 by 32 farmer-members to empower people by providing livelihood opportunities and other support services. Today, it has over 15,000 members located in upland, lowland and coastal regions of the Philippines, and offers credit, savings, education, and various social services.

About Philippines

  • $7,000
    Average annual income
  • 1314
    View loans »
    Philippines Loans Fundraising
  • $57,946,175
    Funds lent in using Kiva
  • 47.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Gelisah Fay to invest in expanding and additional capital for the business.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 30, 2009
Listed
Nov 4, 2009
Currency Exchange Loss:
Possible
Ended:
May 15, 2010