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Violeta
Violeta S. is from Rstand Village, Ozamiz City. She is 59 years old. Violeta is married and has two children. To make a living, Violeta owns & operates a business venture making & selling food. While not the only means for generating revenue, the main source of income for the business comes from baking and selling cooked food in the local community. Violeta has been engaged in her business for over four years and earns approximately 15,000 PHP a month for these activities.

In 2008, Violeta joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Violeta has successfully repaid a previous loan of 30,000 PHP from GDMPC. Violeta is requesting a new loan of 30,000 PHP which will be used to purchase raw ingredients needed to make products for sale. This will be the 13th loan taken out by Violeta from GDMPC. She 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 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
  • 352
    View loans »
    Philippines Loans Fundraising
  • $50,982,700
    Funds lent in using Kiva
  • 43.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Violeta to purchase raw ingredients needed to make products for sale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 19, 2010
Listed
Nov 1, 2010
Currency Exchange Loss:
Possible
Ended:
May 15, 2011