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Suzith
Suzith L. is a 30-year-old woman from the city of Manabay Ozamis City. Suzith is married and has 3 school-age children. To earn a living, Suzith owns and operates a business venture in the retail sector. More specifically, the main source of income for the business is primarily derived from selling snacks in the local community. Suzith has been engaged in her business for over 2 years and earns approximately 10,000 PHP per month from these activities.



In 2009, Suzith joined GDMPC to gain access to financial services. As a result, she was able to engage in business activities and in turn to improve her standard of living. Suzith has successfully repaid a previous loan in the amount of 15,000 PHP from GDMPC. Suzith is now requesting another loan, this time in the amount of 18,000 PHP ($400), which will be used to purchase additional products to sell. This loan would be the second loan taken out by Suzith through GDMPC. She plans to use any additional revenue generated from the business on account of the loan 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 units offices covering the provinces of Zamboanga del Sur, Lanao del Norte, and Misamis Occidental. Its membership is mostly comprised of farmers, fishermen/women, and entrepreneurs.

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
  • 1492
    View loans »
    Philippines Loans Fundraising
  • $59,200,750
    Funds lent in using Kiva
  • 46.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Suzith to expand and improve his business by purchasing additional products.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 27, 2010
Listed
Jun 18, 2010
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2010