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Teodora
Teodora B. is from the village of D'ban, Calamba, Misamis Occidental. She is 40 years old, is married, and has two school-aged children.

Teodora owns and operates a specialized retail store, selling daily-use products such as coffee, cocoa, shampoo, soap and toothpaste in the local community. She has been engaged in her business for over three years and earns approximately 10,000 PHP a month.

In 2010, Teodora joined GDMPC to gain access to financial services to help improve her living situation and her ability to engage in business activities. She is requesting a loan of 20,000 PHP which will be used to purchase additional inventory and used as working capital. This loan will be her first from GDMPC.

Teodora plans to use the additional revenue generated from the business to supplement her family's income.


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
  • 964
    View loans »
    Philippines Loans Fundraising
  • $53,512,225
    Funds lent in using Kiva
  • 46.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Teodora to purchase additional inventory and to use as working capital.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 4, 2010
Listed
Feb 5, 2010
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2010