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Lorna
Lorna P. is from the city of Doña Consuelo Ozamiz City. She is 61 years old. Lorna is married and has two adult children.

To make a living, Lorna owns and operates a general store. Lorna has been engaged in her business for over a year and earns approximately 10,000 PHP a month for these activities.

In 2011, Lorna joined GDMPC to gain access to financial services to help improve her business and living situation. Lorna is requesting a loan of 15,000 PHP, which will be used to purchase additional products to sell. This will be the first loan taken out by Lorna 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, fisherfolk 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
  • 495
    View loans »
    Philippines Loans Fundraising
  • $50,987,600
    Funds lent in using Kiva
  • 43.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Lorna to purchase additional products to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jan 31, 2011
Listed
Feb 10, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2011