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Rachel
Rachel A. is from the village of Bayabas, in Aurora, Zamboanga del Sur. She is 41 years old. Rachel is married and has 5 school-aged children. To make a living, Rachel owns & operates a business venture in the retail sector operating a sari-sari or general store. While not the only means for generating revenue, the main source of income for the business comes primarily from selling daily use products such as shampoo, soap, toothpaste, etc., in the local community. Rachel has been engaged in her business for over 3 years and earns approximately 3500 PHP a month for these activities.

In 2007, Rachel joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Rachel has successfully repaid a previous loan of 15000 PHP from GDMPC. This previous loan was used to purchase additional products to sell. Rachel is requesting a new loan of 20000 PHP which will be used to purchase additional products to sell. This loan will be the twelfth loan taken out by Rachel from GDMPC. She plans to use the additional revenue generated from the business to improve the general living conditions of the borrower's family.

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.

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
  • 1346
    View loans »
    Philippines Loans Fundraising
  • $56,546,075
    Funds lent in using Kiva
  • 48.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Rachel to purchase additional products to sell.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 10, 2009
Listed
Jul 17, 2009
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2010