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Helen's Group
In this Group: Helen, Marivic, Maristella
Helen C. is from the village of Tru-Cut Sapang Dalaga, Misamis Occidental. She is 35 years old. Helen is the group leader of a three-member group loan offered by GDMPC, a Kiva partner. While each member of the group receives an individual loan, they are all collectively responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. The official name of this borrowing group is Tundan.

Helen is married and has an adult child. To make a living, Helen owns and operates a business selling fish products. The main source of income for the business comes from selling fish to local community members. Helen has been engaged in her business for over five years and earns approximately 6,000 Philippine pesos a month for these activities.

In 2010, Helen joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Helen is requesting a new loan of 5,000 PHP, which will be used to purchase additional products to sell. This will be the first loan taken out by Helen from GDMPC. She 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, 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.

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
  • 1429
    View loans »
    Philippines Loans Fundraising
  • $59,148,800
    Funds lent in using Kiva
  • 45.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A portion of Helen's Group's $350 loan helped a member to purchase additional products to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 25, 2010
Listed
Apr 1, 2010
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2010