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Lorie
Lorie D. is from the village of Curvada, Tukuran Zamboanga Del Sur. She is 46 years old. Lorie is married and has 2 school-aged children. To make a living, Lorie owns and operates a general store. While not the only means for generating revenue, the main source of income for the business comes from buying and selling rice and daily-use products like shampoo, soap, and toothpaste in the local community. Lorie has been engaged in her business for over 15 years and earns approximately 10,000 PHP a month for these activities.


In 2007, Lorie joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Lorie successfully repaid a previous loan of 10,000 PHP from GDMPC. This previous loan was used to purchase additional products to sell. Lorie is requesting a new loan of 10,000 PHP, which will be used to invest in expanding the business. This loan will be the fourth loan taken out by Lorie from GDMPC. She plans to use the additional revenue generated from the business to improve the general living conditions of her family and pay the tuition of her two children.


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

  • $7,000
    Average annual income
  • 1316
    View loans »
    Philippines Loans Fundraising
  • $57,946,175
    Funds lent in using Kiva
  • 47.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Lorie to invest in expanding the business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 20, 2009
Listed
Nov 24, 2009
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2010