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Milman
Milman B., from Layawan, Oroq.City, is 32 years old, married and has one school-aged child. To make a living, Milman owns and operates a general store selling a variety of daily-use products to local community members. Engaged in his business for over two years, he earns approximately 7000 PHP a month.



In 2010, Milman joined GDMPC to gain access to financial services to help improve his living situation and ability to engage in business activities. Having repaid his previous loan of 25,000 PHP from GDMPC, he is requesting a second loan of 50000 PHP to invest in expanding the business. Milman plans to use the additional revenue generated from the business to improve/expand his store.



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
  • 286
    View loans »
    Philippines Loans Fundraising
  • $52,221,600
    Funds lent in using Kiva
  • 43.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Milman to invest in expanding the business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 18, 2010
Listed
Dec 13, 2010
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2011