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Clarita
Clarita V. is from the village of D'ban Calamba Misamis Occidental. She is 58 years old. Clarita is widowed and has three adult children. To make a living, Clarita owns and operates a retail store. The main source of income for the business comes primarily from selling daily-use products such as shampoo, soap, toothpaste, soft drinks, canned goods, noodles, sugar, milo, and nescafe in the local community. Clarita has been engaged in her business for more than 12 years and earns approximately 10000 PHP a month for these activities.

In 2009, Clarita joined GDMPC to gain access to financial services to help improve her living situation and her ability to engage in business activities. Clarita has successfully repaid a previous loan of 10000 PHP from GDMPC. This previous loan was used to invest in expanding the business. Clarita is requesting a new loan of 10000 PHP, which will be used to purchase additional products to sell. This loan will be the second loan taken out by Clarita 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, fishers, and small-business 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
  • 294
    View loans »
    Philippines Loans Fundraising
  • $50,700,950
    Funds lent in using Kiva
  • 46.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Clarita to purchase additional products to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 24, 2010
Listed
Aug 1, 2010
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2011