Mizah Sumile

Status: Paying Back

$125
Loan Request
Pre-Disbursed : Oct 30, 2009
Listed: Nov 15, 2009
Funded: Nov 15, 2009
34% repaid

About the Country

Country:Philippines
Avg Annual Income:$1175
Currency:Philippines Pesos (PHP)
Exchange Rate:46.5100 PHP = 1 USD


About the Loan

Location: Calamba, Misamis Occidental, Philippines   Repayment Term: 8 months
(more info)
Activity: General Store   Repayment Schedule: Monthly
Loan Use: Buy additional products to sell   Currency Exchange Loss: Possible
      Default Protection: Covered
Mizah Sumile is from the village of Misom Baliangao, Misamis Occidental. She is 28 years old. Mizah is separated from er spouse and has 1 infant child. To make a living, Mizah owns & operates a "sari-sari store" or general store selling products such as noodles, can goods and other products. Mizah's store is under repair so as of this moment she puts her product on the table outside at her house. Mizah has been engaged in her business for over 2 years and earns approximately 2,500 PHP a month.



Mizah joined GDMPC to gain access to financial services to improve her living situation and give her the ability to engage in business activities. Mizah is requesting a new loan of 5,000 PHP which will be for buying products to sell. This loan will be the first loan taken out by Mizah from GDMPC. She plans to use the additional revenue generated from the business to supplement the family's income.



About GDMPC:

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


Loan to Mizah Sumile in Philippines has been 100% funded
 
Entrepreneur: Mizah Sumile
Location: Calamba, Misamis Occidental, Philippines

Thanks to you and 4 other Kiva Lenders, the 125.00 loan requested by Mizah Sumile in Philippines has been 100% funded. The loan will be used for the purpose of: Buy additional products to sell.

Over the months of this loan, Kiva’s Field Partner in Philippines, Gata Daku Multi-purpose Cooperative (GDMPC), will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Calamba, Misamis Occidental, Philippines
Nov 15, 2009
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Kiva Help Repayment Schedule for Mizah Sumile

  Expected Repayments Actual Repayments Comments
January 2010 $24.04 $24.04 Repayment Received
February 2010 $19.23 $19.23 Repayment Received
March 2010 $19.23 Available Mar 1  
April 2010 $19.23 Available Apr 1  
May 2010 $24.04 Available May 1  
June 2010 $19.23 Available Jun 1