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Randy
Randy M. is from the village of Agunod Plaridel Misamis Occidental. He is 38 years old and married with three school-aged children. To make a living, he owns a store selling daily use products such as biscuits, candies, shampoo, soap and toothpaste. Randy has been engaged in his business for over five years and earns approximately 6000 PHP a month.

In 2010, Randy joined GDMPC to gain access to financial services to help improve his living situation and ability to engage in business activities. He is requesting a loan of 10000 PHP which will be used to purchase additional products to sell. This loan will be the first loan taken out by Randy from GDMPC. He plans to use the additional revenue generated from the business to supplement the family's income.

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, 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

  • $7,000
    Average annual income
  • 1261
    View loans »
    Philippines Loans Fundraising
  • $57,866,175
    Funds lent in using Kiva
  • 44.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Randy to purchase additional products to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 21, 2010
Listed
Apr 24, 2010
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2010