Geliopsalme

Philippines

100%
Geliopsalme has fully repaid her loan of £507.11

Amount requested:

£507.11

Repayment term:

4 months

Activity type:

Manufacturing / Tradesperson

Partner:

SEEDFinance

Loan description:

Geliopsalme Comedia is 40 years old and married with five children. Her family lives in Asturias in the province of Cebu. She is currently managing a business that delivers and supplies timber for the construction industry. Her husband and eldest son help her to manage the business and they employ three other full time staff. Her younger children are still studying in the nearby public school. Geliopsalme used to have a business that made wood crafts about ten years ago, but changed to selling timber because if was more profitable. Their business is licensed and accredited by the government's department that focuses on the environment and natural resources. This ensures that the wood they supply is sustainably sourced. The area where they live and work is about five kilometres away from the town centre and she needs to rent a delivery truck whenever she has orders. She has sought a loan from the microfinance institution, First Consolidated, in order to purchase more stock. One of her aims is to buy their own delivery truck so that they can save on costs associated with hiring trucks. She believes that this business is profitable enough to ensure that they have enough money to finance their younger four children finishing college and even going beyond.

Loan added: 30 August 2011

Geliopsalme's loan repayment schedule

Date Expected repayments Actual repayments
£46.10
£37.60
£115.25
£114.79
£115.25
£117.44
£115.25
£116.52
£115.25
£116.96

The above amounts are indicative, based on the exchange rate the day this loan was added to the website. The actual amounts you will receive will be based on an exchange rate at the time the repayment is returned to your account. See our Help Centre for more information.

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