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Proserpina
Proserpina D. P. is from the village of Taboc Norte Oroquieta City. She is 57 years old. Proserpina is widowed and has two grown children. To make a living, Proserpina owns and operates a specialized retail store. The main source of income for the business comes primarily from selling a variety of food products in the local community. Proserpina has been engaged in her business for over five years and earns approximately 1,500 PHP a month for these activities.

In 2010, Proserpina joined GDMPC to gain access to financial services. Her hope was to help improve her living situation and increase her ability to engage in business activities. Proserpina is requesting a new loan of 50,000 PHP, which will be used to invest in expanding the business. This loan will be the first loan taken out by Proserpina from GDMPC. She plans to use the additional revenue generated from the business to improv and expand her business.

About GDMPC:

GDMPC is one of the most progressive cooperatives in Mindanao, Philippines. It has four branches and three units 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
  • 295
    View loans »
    Philippines Loans Fundraising
  • $50,697,350
    Funds lent in using Kiva
  • 44.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Proserpina to invest in expanding her business which offers a variety of food products for sale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 25, 2010
Listed
Apr 14, 2010
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2011