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Teresa
Teresa P. is from the village of Poblacion 4 Clarin Misamis Occidental. She is 56 years old. Teresa is married and has five adult children.

Teresa owns a general store which sells a variety of different products such as soap powder, biscuits, sugar, rice, and salt to the local community. Teresa has been engaged in her business for over two years and earns approximately 10,000 PHP a month.

In 2007, Teresa 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 15,000 PHP from GDMPC. Teresa is requesting a new loan of 15,000 PHP which will be used to purchase additional products to sell. This loan will be the sixth loan taken out by Teresa from GDMPC. She plans to use the additional revenue generated to continue 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 units offices covering the provinces of Zamboanga del Sur, Lanao del Norte and Misamis Occidental. Its membership is composed mostly of farmers, fisherfolks 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
  • 1147
    View loans »
    Philippines Loans Fundraising
  • $54,905,900
    Funds lent in using Kiva
  • 42.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Teresa to purchase additional products to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 27, 2010
Listed
Nov 4, 2010
Currency Exchange Loss:
Possible
Ended:
May 15, 2011