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Ludy
Ludy Q. is from the village of Banadero, Ozamiz City, Misamis Occidental. She is 40 years old. Ludy is married and has 1 infant child. To make a living, Ludy owns and operates a business venture in the transportation sector. The main source of income for the business comes from providing motorcab services to local community members. Ludy has been engaged in her business for over 3 years and earns approximately 3,000 PHP a month for these activities.



In 2007, Ludy joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Ludy has successfully repaid a previous loan from GDMPC. Ludy is requesting a new loan of 12,000 PHP which will be used to invest in expanding the business. This will be the sixth loan taken out by Ludy from GDMPC. She plans to use the additional revenue generated from the business to improve the general living conditions of her family.



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, fisherfolk 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
  • 342
    View loans »
    Philippines Loans Fundraising
  • $52,188,500
    Funds lent in using Kiva
  • 48.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $275 helped Ludy to invest in expanding the business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 4, 2009
Listed
Aug 4, 2009
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2010