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Nicolasita
Nicolasita F. is from the city of Poblacion 1 Clarin Misamis Occidental. She is 42 years old. Nicolasita is married and has four school-aged children. To make a living, Nicolasita owns & operates a general store selling a variety of different products such as shampoo, toothpaste, junk foods, etc. in the local community. Nicolasita has been engaged in her business for over five years and earns approximately 10,000 PHP a month for these activities.

In 2006, Nicolasita joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Nicolasita has successfully repaid a previous loan of 15,000 PHP from GDMPC. Nicolasita is requesting a new loan of 20,000 PHP, which will be used to invest in expanding the business. This loan will be the seventh loan taken out by Nicolasita 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.

*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
  • 1485
    View loans »
    Philippines Loans Fundraising
  • $56,573,625
    Funds lent in using Kiva
  • 45.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Nicolasita to invest in expanding the business.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 8, 2009
Listed
Dec 11, 2009
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2010