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Alejandro
Alejandro T. lives in the village of Southwestern Pob., Calamba Misamis Occidental. He is 39 years old, married and has five school-aged children. He makes a living by running a retail store where he sells products people use daily such as shampoo, soap, candies, biscuits and toothpaste. He has made a living doing this for more than 10 years and earns approximately 6,000 PHP a month.

Earlier this year, Alejandro joined GDMPC to gain access to financial services to help improve his life and ability to engage in business. He has successfully repaid two previous loans from GDMPC and is applying for a new one, for 15,000 PHP, to buy additional products to sell. He plans to use the additional revenue generated by his 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 units offices covering the provinces of Zamboanga del Sur, Lanao del Norte and Misamis Occidental. Its membership is composed mostly of farmers, fishermen 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
  • 336
    View loans »
    Philippines Loans Fundraising
  • $50,801,300
    Funds lent in using Kiva
  • 42.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Alejandro to buy additional products to sell to his customers.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 12, 2010
Listed
Nov 4, 2010
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2011