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Alma

Alma S. is from the village of Dicoloc, Jimenez, Misamis Occidental. She is 39 years old and married with three adult children. To make a living, Alma owns and operates a "sari-sari" or general store selling daily-use products like shampoo, soap, and toothpaste in the local community. Alma has been engaged in her business for over eight years and earns approximately 10,000 PHP a month.



In 2007, Alma joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. She has successfully repaid a previous loan of 15,000 PHP from GDMPC, which was used to purchase additional products to sell. Alma is requesting a new loan of 25000 PHP to purchase more products. This will be her fifth loan from GDMPC. She plans to use the additional revenue generated from the business to improve and expand her business and supplement her family's needs.



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.

Additional Information

About GDMPC

Gata Daku Multi-Purpose Cooperative (GDMPC) was founded in 1992 by 32 farmer-members to empower people by providing livelihood opportunities and other support services. Today, it has over 15,000 members located in upland, lowland and coastal regions of the Philippines, and offers credit, savings, education, and various social services.

About Philippines

  • $1175
    Average annual income
  • 1173
    View loans »
    Philippines Loans Fundraising
  • $54,849,700
    Funds lent in using Kiva
  • 48.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Alma to purchase additional products to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 29, 2009
Listed
Jun 18, 2009
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2009