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Noel
Noel P. is from the village of Gata Daku, Clarin, Misamis Occidental. He is 38 years old. Noel is single. To make a living, Noel owns & operates a service-based business. While not the only means for generating revenue, the main source of income for the business comes primarily from providing photocopy services to local community members. Noel has been engaged in his business for over 10 years and earns approximately 10,000 PHP a month for these activities.

In 2003, Noel joined GDMPC to gain access to financial services to help improve his living situation and ability to engage in business activities. Noel has successfully repaid a previous loan of 45,000 PHP from GDMPC. Noel is requesting a new loan of 45,000 PHP which will be used to purchase materials needed to expand services provided. This will be the 17th loan taken out by Noel from GDMPC. He plans to use the additional revenue generated from the business to improve the general living conditions of his 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
  • 269
    View loans »
    Philippines Loans Fundraising
  • $52,061,525
    Funds lent in using Kiva
  • 43.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Noel to purchase materials needed to expand services provided.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 14, 2010
Listed
Nov 1, 2010
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012