Apolinaria is the group leader of a two-member group loan offered by GDMPC. While each member of the group receives an individual loan, they are all collectively responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. The official name of this borrowing group is Calaghughi.
Apolinaria is married and has one adult-aged child. To make a living, Apolinaria owns and operates a specialized retail store, selling hut products in the local community. Apolinaria has been engaged in her business for over three years and earns approximately 7,000 PHP a month for these activities.
In 2010, Apolinaria joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Apolinaria has successfully repaid a previous loan of 5,000 PHP from GDMPC. This previous loan was used to to purchase additional inventory. Apolinaria is requesting a new loan of 9,000 PHP which will be used to purchase additional products to sell. This loan will be the second loan taken out by Apolinaria from GDMPC. She plans to use the additional revenue generated from the business to supplement the family's income.
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.
About GDMPCGata 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.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
1857View loans »
Success!! The loan was 100% repaid