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Creselda
Creselda R. is from the village of Lucsoon Tudela Misamis Occidental. She is 33 years old. Creselda is married and has two school-aged children. To make a living, Creselda raises pigs for sale. Creselda has been engaged in her business for over eight years and earns approximately 8,000 PHP a month for these activities.

In 2009, Creselda joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Creselda has successfully repaid a previous loan of 10,000 PHP from GDMPC. Creselda is requesting a new loan of 20,000 PHP, which will be used to expand the business. This loan will be the second loan taken out by Creselda 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 units, with 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
  • 235
    View loans »
    Philippines Loans Fundraising
  • $53,045,000
    Funds lent in using Kiva
  • 47.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Creselda to expand her business.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Nov 6, 2009
Listed
Nov 8, 2009
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2010