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Arnulfo
Arnulfo G. is from the village of Lapasan, Clarin, Misamis Occidental. He is 38 years old, is married, and has five school-aged children.

Arnulfo owns and operates a business providing motor transportation services to local community members. He has been engaged in his business for over two years and earns approximately 6,000 PHP a month.

In 2004, Arnulfo joined GDMPC to gain access to financial services to help improve his living situation and his ability to engage in business activities. He has successfully repaid a previous loan of 6,000 PHP from GDMPC.

Arnulfo is requesting a new loan of 10,000 PHP which will be used to purchase equipment to improve his business. He plans to use the additional revenue generated from the business to improve and expand his business.


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

  • $7,000
    Average annual income
  • 1241
    View loans »
    Philippines Loans Fundraising
  • $57,844,575
    Funds lent in using Kiva
  • 47.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Arnulfo to purchase equipment to improve his business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 9, 2009
Listed
Oct 1, 2009
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2010