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Primo
Primo P. is from Oroquieta City. He is 27 years old. Primo is single. To make a living, Primo owns & operates transportation services. While not the only means for generating revenue, the main source of income for the business comes from operating these services. Primo has been engaged in his business for over two years and earns approximately 8000 PHP a month for these activities.

In 2007, Primo joined GDMPC to gain access to financial services to help improve his living situation and ability to engage in business activities. Primo has successfully repaid a previous loan of 15,000 PHP from GDMPC. Primo is requesting a new loan of 50,000 PHP which will be used to repair existing vehicle for better service. This will be the tenth loan taken out by Primo 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

  • $7,000
    Average annual income
  • 1291
    View loans »
    Philippines Loans Fundraising
  • $57,866,175
    Funds lent in using Kiva
  • 43.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Primo to repair existing vehicle for better service.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 15, 2010
Listed
Nov 1, 2010
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012