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Geraline
Geraline H. is from the village of Katipa, Lopez Jaena, Misamis Occidental. She is 38 years old. Geraline is married and has 5 school-aged children. To make a living, Geraline owns & operates a business venture in the food sector making & selling food. While not the only means for generating revenue, the main source of income for the business comes primarily from preparing and selling bananacue to the local community. Geraline has been engaged in her business for over 5 years and earns approximately 2,000 PHP a month from these activities.

In 2008, Geraline joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Geraline has successfully repaid a previous loan of 6,000 PHP from GDMPC. Geraline is requesting a new loan of 9,000 PHP which will be used to purchase raw ingredients needed to make products for sale. This loan will be the third loan taken out by Geraline from GDMPC. She plans to use the additional revenue generated from the business to supplement her family's income.

About GDMPC:

GDMPC is one of the most progressive cooperatives in Mindanao, Philippines. It has four branches and three unit 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
  • 343
    View loans »
    Philippines Loans Fundraising
  • $52,706,975
    Funds lent in using Kiva
  • 48.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Geraline to purchase raw ingredients needed to make products for sale.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 1, 2009
Listed
Jul 20, 2009
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2010