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Ricarido
Ricarido B. is from the city of Bernard, Ozamiz City. He is 50 years old. Ricarido is married and has two adult children. To make a living, Ricarido owns & operates a business selling grilled chicken "lechon manok" in the community. Ricarido has been engaged in his business for over nine years and earns approximately 34,000 PHP a month for these activities.

In 2010, Ricarido joined GDMPC to gain access to financial services to help improve his living situation and ability to engage in business activities. Ricarido is requesting a new loan of 30,000 PHP, which will be used to purchase raw ingredients needed to make products for sale. This loan will be the first loan taken out by Ricarido from GDMPC. He plans to use the additional revenue generated from the business to improve the general living conditions of his 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, fisherfolks 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
  • 301
    View loans »
    Philippines Loans Fundraising
  • $53,135,300
    Funds lent in using Kiva
  • 45.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Ricarido to purchase raw ingredients needed to make products for sale.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Mar 19, 2010
Listed
Mar 22, 2010
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2010