Edlene Sumayan
Status: Paying Back
| $325 |
Loan Request
Pre-Disbursed
: Oct 29, 2009
Listed: Nov 5, 2009
Funded: Nov 6, 2009
|
|---|
33% repaid
About the Field Partner
| Gata Daku Multi-purpose Cooperative (GDMPC) administers this loan. Learn more | |||||||
|
|||||||
| Field Partner: | Gata Daku Multi-purpose Cooperative (GDMPC) | ||||||
|---|---|---|---|---|---|---|---|
| Field Partner Risk Rating: | |||||||
| Fundraising Status: | Active | ||||||
| Time on Kiva: | 8 months | ||||||
| Kiva Entrepreneurs: | 1593 | ||||||
| Total Loans: | $324,975 | ||||||
| Interest & Fees are Charged: | Yes (Learn more) | ||||||
| |||||||
| Delinquency Rate: | 2.10% | ||||||
| Default Rate: | 0.00% | ||||||
| Currency Exchange Loss Rate: | 0.00% | ||||||
| More on this field partner >> | |||||||
About the Country
| Country: | Philippines |
|---|---|
| Avg Annual Income: | $1175 |
| Currency: | Philippines Pesos (PHP) |
| Exchange Rate: | 47.6651 PHP = 1 USD |
About the Loan
| Location: | Clarin Misamis Occidental, Philippines | Repayment Term: | 8 months (more info) |
|
|---|---|---|---|---|
| Activity: | Retail | Repayment Schedule: | Irregularly | |
| Loan Use: | To purchase additional products to sell | Currency Exchange Loss: | Possible | |
| Default Protection: | Covered |
Edlene Sumayan is from the village of Kingay Norte, Clarin, Misamis Occidental. She is 27 years old, is married, and has two school-aged children.
Edlene owns and operates a specialized retail store, selling products such as glasses,cellphone accessories watches, etc., in the local community. She has been engaged in her business for over a year and earns approximately 8,000 PHP a month.
In 2009, Edlene joined GDMPC to gain access to financial services to help improve her living situation and her ability to engage in business activities. She is requesting a loan of 15,000 PHP which will be used to purchase additional products to sell. This loan will be her first 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.
Edlene owns and operates a specialized retail store, selling products such as glasses,cellphone accessories watches, etc., in the local community. She has been engaged in her business for over a year and earns approximately 8,000 PHP a month.
In 2009, Edlene joined GDMPC to gain access to financial services to help improve her living situation and her ability to engage in business activities. She is requesting a loan of 15,000 PHP which will be used to purchase additional products to sell. This loan will be her first 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.
Subscribe
Lenders to this entrepreneur
Jörg
Hamburg,
Germany
Jeff and Family
Bothell, Washington
United States
Stephen
Chiswick, London
United Kingdom
Christopher
Jacksonville, AR
United States
howard and maureen
pinole, CA
United States
Gareth
Cushendun, Antrim
United Kingdom
Kelly
Fredericia, Jutland
Denmark
David
Point Of Rocks, MD
United States
Barry
Abbotsford, British Columbia
Canada
Sandeep Shabd
Farmington Hills, MI
United States
Kenneth
Denver, CO
United States
Top Lending Teams for this entrepreneur
Journal entries for Edlene Sumayan
|
Loan has been disbursed
Location: Clarin Misamis Occidental, Philippines
|
|
|
Posted by
from Clarin Misamis Occidental, Philippines
Nov 7, 2009 |
|
|
Comment on this entry
|
|
|
new update
Location: Clarin Misamis Occidental, Philippines
 |
|
|
Posted by
Angie Pascual from Clarin Misamis Occidental, Philippines
Nov 16, 2009 |
|
|
Comment on this entry
|
|
Repayment Schedule for Edlene Sumayan
Repayment Schedule for Edlene Sumayan
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| January 2010 | $54.17 | $54.17 |  Repayment Received
|
||
| February 2010 | $54.16 | $54.16 | Repayment Received
|
||
| March 2010 | $54.17 | Available Mar 1 | |||
| May 2010 | $108.33 | Available May 1 | |||
| June 2010 | $54.17 | Available Jun 1 | |||
| 
