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Luzminda
Luzminda C. is from the village of Bayabas, Aurora Zamboanga Del Sur. She is 43 years old. Luzminda is married and has five school-aged children. To make a living, Luzminda operates a tricycle transport service. She has been engaged in her business for over four years and earns approximately $195 a month for these activities.

In 2007, Luzminda joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. She has successfully repaid a previous loan of 20,000 PHP from GDMPC. This previous loan was used to repair her vehicle for better service.

She is requesting a new loan of 25,000 PHP which will be used to purchase tires and other accessories. This will be her 11th loan from GDMPC. She plans to use the additional revenue generated from the business 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 unit 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
  • 1523
    View loans »
    Philippines Loans Fundraising
  • $56,611,950
    Funds lent in using Kiva
  • 43.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Luzminda to purchase tires and other accessories.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Aug 26, 2010
Listed
Sep 14, 2010
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2011