Check out other loans that are currently fundraising!
Virginia
Virginia P. is from the city of Prenza, Tangub City. She is 48 years old. Virginia is married and has three adult-aged children. To make a living, she owns and operates a business of providing bolo-making services to local community members. (A bolo is a large cutting tool similar to the machete, used particularly in the jungles of Indonesia, the Philippines, and in the sugar fields of Cuba.) She has been engaged in her business for over ten years and earns approximately $70 a month for these activities.

In 2009, Virginia joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. She has successfully repaid a previous loan from GDMPC.

Virginia is requesting a new loan of 15,000 PHP which will be used to purchase metals and other materials needed to provide her service. This will be her 4th loan 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 seven branches 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
  • 375
    View loans »
    Philippines Loans Fundraising
  • $50,745,300
    Funds lent in using Kiva
  • 43.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Virginia to purchase materials needed to make bolo knives.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Mar 5, 2011
Listed
Mar 15, 2011
Currency Exchange Loss:
Possible
Ended:
Oct 21, 2011