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Elpedio
Elpedio I. owns and operates a specialized retail store and also has a business making furniture for sale in his community. He is 45 years old, married and has five grown-up children. He is from the village of Liloan, Bonifacio, Misamis Occidental. Elpedio has been in business for over five years and earns approximately 5,000 Philippine pesos (PHP) a month.


In 2009, Elpedio joined GDMPC to gain access to financial services to help improve his living conditions and enable him to engage in business activities. Elpedio is requesting a loan of 5,000 PHP which will be used to purchase additional products to sell. This will be his first loan from GDMPC. He plans to use the additional revenue to improve the general living conditions of his family and to save in reserve for future needs.


About GDMPC:
GDMPC is one of the most progressive cooperatives in Mindanao, Philippines.


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
  • 390
    View loans »
    Philippines Loans Fundraising
  • $50,825,975
    Funds lent in using Kiva
  • 46.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Elpedio to purchase additional products to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 19, 2009
Listed
Nov 22, 2009
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2010