Germelina Pallar
Status: Paying Back
| $225 |
Loan Request
Pre-Disbursed
: Oct 27, 2009
Listed: Nov 8, 2009
Funded: Nov 8, 2009
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33% repaid
About the Field Partner
| Gata Daku Multi-purpose Cooperative (GDMPC) administers this loan. Learn more | |||||||
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| Field Partner: | Gata Daku Multi-purpose Cooperative (GDMPC) | ||||||
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| 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) | ||||||
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| Delinquency Rate: | 2.10% | ||||||
| Default Rate: | 0.00% | ||||||
| Currency Exchange Loss Rate: | 0.00% | ||||||
| More on this field partner >> | |||||||
About the Country
| Country: | Philippines |
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| Avg Annual Income: | $1175 |
| Currency: | Philippines Pesos (PHP) |
| Exchange Rate: | 47.5100 PHP = 1 USD |
About the Loan
| Location: | Taboo, Jimenez Mis. Occ., Philippines | Repayment Term: | 8 months (more info) |
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| Activity: | Farming | Repayment Schedule: | Irregularly | |
| Loan Use: | To purchase fertilizer and pesticides for her rice field | Currency Exchange Loss: | Possible | |
| Default Protection: | Covered |
Germelina Pallar is from the village of Tabo-o, Jimenez, Misamis Occidental. She is 41 years old, is married, and has three adult children.
Germelina owns and operates a business harvesting and selling rice in the local community. She has been engaged in her business for over three years and earns approximately 6,000 PHP a month.
In 2009, Germelina 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 10,000 PHP which will be used to purchase fertilizer and pesticides for her rice field. This loan will be her first from GDMPC. She plans to use the additional revenue generated from the business to supplement her family's income.
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.
Germelina owns and operates a business harvesting and selling rice in the local community. She has been engaged in her business for over three years and earns approximately 6,000 PHP a month.
In 2009, Germelina 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 10,000 PHP which will be used to purchase fertilizer and pesticides for her rice field. This loan will be her first from GDMPC. She plans to use the additional revenue generated from the business to supplement her family's income.
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 Germelina Pallar
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Loan has been disbursed
Location: Taboo, Jimenez Mis. Occ., Philippines
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Posted by
from Taboo, Jimenez Mis. Occ., Philippines
Nov 9, 2009 |
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Comment on this entry
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Germelina Pallar
Location: Taboo, Jimenez Mis. Occ., Philippines
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Posted by
Ronie Panio from Taboo, Jimenez Mis. Occ., Philippines
Jan 14, 2010 |
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Comment on this entry
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Repayment Schedule for Germelina Pallar
Repayment Schedule for Germelina Pallar
| Expected Repayments | Actual Repayments | Comments | |||
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| January 2010 | $37.50 | $37.50 |  Repayment Received
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| February 2010 | $37.50 | $37.50 | Repayment Received
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| March 2010 | $37.50 | Available Mar 1 | |||
| May 2010 | $75.00 | Available May 1 | |||
| June 2010 | $37.50 | Available Jun 1 | |||
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