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Salome
Salome S. is from the city of Catadman, Ozamiz Ctiy. She is 32 years old, married and has 2 school-age children. To make a living, Salome owns & operates a business venture in the retail sector running a general store. The main source of income for the business comes primarily from selling daily use products such as shampoo, soap, toothpaste, soft drinks, junk foods and etc., in the local community. Salome has been engaged in her business for over 2 years and earns approximately 3,000 PHP a month for these activities.

In 2009, Salome joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Salome is requesting a new loan of 5,000 PHP which will be used to invest in expanding the business. This loan will be the first loan taken out by Salome from GDMPC. She plans to use the additional revenue generated from the business to improve the general living conditions 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
  • 299
    View loans »
    Philippines Loans Fundraising
  • $50,700,950
    Funds lent in using Kiva
  • 45.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Salome to invest in expanding her business.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 4, 2009
Listed
Dec 11, 2009
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2010