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Grace
Grace E. is from the village of Tipolo, Plaridel in Misamis Occidental. She is 47 years old. Grace is married and has three school-age children. To make a living, Grace owns and operates a general store. The main source of income for the business comes primarily from selling daily use products such as shampoo, soap and toothpaste in the local community. Grace has been engaged in her business for over two years, and she earns approximately 3000 PHP a month for these activities.


In 2009, Grace joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Grace has successfully repaid a previous loan of 5000 PHP from GDMPC. This previous loan was used to purchase additional products to sell. Grace is requesting a new loan of 7000 PHP, which will be used to purchase additional products to sell. This loan will be the fourth loan taken out by Grace from GDMPC. She plans to use the additional revenue generated from the business to financially support extended members of her family.


About GDMPC:

GDMPC is one of the most progressive cooperatives in Mindanao, Philippines. It has four branches and three unit offices covering the provinces of Zamboanga del Sur, Lanao del Norte and Misamis Occidental. Its membership is composed mostly of farmers, fisherfolk 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
  • 1133
    View loans »
    Philippines Loans Fundraising
  • $54,649,075
    Funds lent in using Kiva
  • 46.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $175 helped Grace to purchase additional products to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 17, 2009
Listed
Dec 27, 2009
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2010