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Ritchel
Ritchel M. is from Maquilao Tangub City. She is 33 years old. Ritchel is married and has 4 school-aged children. To make a living, Ritchel owns & operates a business venture in the retail sector operating a specialized retail store. While not the only means for generating revenue, the main source of income for the business comes primarily from buying and selling rice in the local community. Ritchel has been engaged in her business for over 5 years and earns approximately 2000 PHP a month from these activities.

In 2010, Ritchel joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Ritchel has successfully repaid a previous loan of 5000 PHP from GDMPC. Ritchel is requesting a new loan of 10000 PHP, which will be used to purchase additional products to sell. This loan will be the second loan taken out by Ritchel from GDMPC. She plans to use the additional revenue generated from the business 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 unit 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
  • 367
    View loans »
    Philippines Loans Fundraising
  • $50,935,875
    Funds lent in using Kiva
  • 43.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Ritchel to purchase rice to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Dec 3, 2010
Listed
Dec 10, 2010
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2011