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Jovita
Jovita C. is from the village of Makawa Aloran, Misamis Occidental. She is 57 years old. Jovita is married and has 2 adult children. To make a living, Jovita owns & operates a weaving business. While not the only means for generating revenue, the main source of income for the business comes primarily from selling woven goods such as "banig", "kalo", and baskets. Jovita has been engaged in his business for over 5 years and earns approximately 10,000 PHP a month for these activities.

In 2007, Jovita joined GDMPC to gain access to financial services to help improve his living situation and ability to engage in business activities. Jovita has successfully repaid a previous loan of 10,000 PHP from GDMPC. Jovita is requesting a new loan of 20,000 PHP which will be used to invest in his business. This will be the tenth loan taken out by Jovita from GDMPC. She plans to use the additional revenue generated from the business to improve/expand his business.

About GDMPC:

GDMPC is one of the most progressive cooperatives in Mindanao, Philippines.

*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
  • 1103
    View loans »
    Philippines Loans Fundraising
  • $57,777,750
    Funds lent in using Kiva
  • 45.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Jovita to invest in his weaving business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 9, 2010
Listed
Sep 5, 2010
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2011