This loan has been FULLY FUNDED by 17 lenders!
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Gertrudes Lumasag
Status: Paying Back
| $550 |
Loan Request
Pre-Disbursed
: Feb 3, 2010
Listed: Feb 5, 2010
Funded: Feb 8, 2010
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0% repaid
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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: | 9 months | ||||||
| Kiva Entrepreneurs: | 1804 | ||||||
| Total Loans: | $0 | ||||||
| Interest & Fees are Charged: | Yes (Learn more) | ||||||
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| Delinquency Rate: | 1.24% | ||||||
| Default Rate: | 0.00% | ||||||
| Currency Exchange Loss Rate: | 0.00% | ||||||
| More on this field partner >> | |||||||
About the Loan
| Location: | Oroquieta City Misamis Occidental, Philippines | Repayment Term: | 12 months (more info) |
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| Activity: | General Store | Repayment Schedule: | Monthly | |
| Loan Use: | to pay workers' wages | Currency Exchange Loss: | Possible | |
| Default Protection: | Not Covered |
Gertrudes Lumasag is from the village of Talairon, Oroquieta City. She is 68 years old. Gertrudes is married and has four adult-aged children. To make a living, Gertrudes owns and operates a retail store, selling daily-use products such as shampoo, as well as snacks, candies, noodles, eggs and so on in the local community. Gertrudes has been engaged in her business for over two years and earns approximately $66 a month from these activities.
In 2008, Gertrudes joined GDMPC to gain access to financial services to help improve her living situation by engaging in business activities. Gertrudes has successfully repaid a previous loan of 25,000 PHP from GDMPC. Gertrudes is requesting a new loan of 25,000 PHP which will be used for workers' wages. This will be her 5th loan from GDMPC. She plans to use the additional revenue generated to improve her business.
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.
In 2008, Gertrudes joined GDMPC to gain access to financial services to help improve her living situation by engaging in business activities. Gertrudes has successfully repaid a previous loan of 25,000 PHP from GDMPC. Gertrudes is requesting a new loan of 25,000 PHP which will be used for workers' wages. This will be her 5th loan from GDMPC. She plans to use the additional revenue generated to improve her business.
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.
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About the Country
| Country: | Philippines |
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| Avg Annual Income: | $1175 |
| Currency: | Philippines Pesos (PHP) |
| Exchange Rate: | 46.1500 PHP = 1 USD |
17 Lenders to this Entrepreneur
Marie
Smyrna, TN
United States
Janice
Lyons, CO
United States
SCHC
Powell River, British Columbia
Canada
Brett Jensen
Oaklands Park, South Australia
Australia
Chris & Alex
Singapore,
Singapore
Ulf
Huddinge,
Sweden
Venkat
Princeton Jn., NJ
United States
Anonymous
Elkton, MD
United States
Carol
Tallahassee, FL
United States
Charlotte
Lynwood, Western Australia
Australia
Golden Egg
Raleigh, NC
United States
Anonymous
Westlake Village, CA
United States
Mark
Grosse Pointe Woods, MI
United States
Top Lending Teams for this Entrepreneur
Journal entries for Gertrudes Lumasag
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Subject: Loan to Gertrudes Lumasag in Philippines has been 100% funded
Location: Oroquieta City Misamis Occidental, Philippines
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Posted by
from Oroquieta City Misamis Occidental, Philippines
Feb 8, 2010 |
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Comment on this entry
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Repayment Schedule for Gertrudes Lumasag
Repayment Schedule for Gertrudes Lumasag
| Expected Repayments | Actual Repayments | Comments | |||
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| May 2010 | $55.00 | Available May 1 | |||
| June 2010 | $55.00 | Available Jun 1 | |||
| July 2010 | $55.00 | Available Jul 1 | |||
| August 2010 | $55.00 | Available Aug 1 | |||
| September 2010 | $55.00 | Available Sep 1 | |||
| October 2010 | $55.00 | Available Oct 1 | |||
| November 2010 | $55.00 | Available Nov 1 | |||
| December 2010 | $55.00 | Available Dec 1 | |||
| January 2011 | $55.00 | Available Jan 1 | |||
| February 2011 | $55.00 | Available Feb 1 | |||
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