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Agapita's Group
In this Group: Agapita, Flordeliza
Agapita O. is from Barangay 5, Tangub City. She is 50 years old and is the group leader of a two-member group loan offered by GDMPC. While each member of the group receives an individual loan, they are both responsible for paying back the loan of their fellow group member if they are delinquent or default.

Agapita is married and has four adult children. She owns and operates a general store, selling a variety of different products like, shampoo, soap, coffee, noodles, eggs, salt, etc., in the local community. She has been engaged in her business for over twenty years and earns approximately 20,000 PHP a month.

In 2009, Agapita joined GDMPC to gain access to financial services to help improve her living situation and her ability to engage in business activities. She has successfully repaid a previous loan of 5,000 PHP from GDMPC.

Agapita is requesting a new loan of 8,000 PHP which will be used to invest in expanding her business. This loan will be her second 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. 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.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Philippines

  • $7,000
    Average annual income
  • 1487
    View loans »
    Philippines Loans Fundraising
  • $59,226,550
    Funds lent in using Kiva
  • 45.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A portion of Agapita's Group's $350 loan helped a member to invest in expanding her business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 10, 2010
Listed
Mar 17, 2010
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2010