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Vergenia
Vergenia Y. is from the village of Poblacion 2, Clarin, Misamis Occidental. She is 46 years old. Vergenia is married and has one school-aged child. To make a living, she owns and operates a business venture in the agriculture sector, cultivating fruit trees and harvesting their fruit to sell. She has been engaged in her business for over four years and earns approximately $940 a month for these activities.

In 2004, Vergenia 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 of 50,000 PHP from GDMPC.

Vergenia is requesting a new loan of 50,000 PHP which will be used to purchase fertilizers such as manure and to pay for the labor cost of farm maintenance. This will be her 19th 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, 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

  • $7,000
    Average annual income
  • 1495
    View loans »
    Philippines Loans Fundraising
  • $59,411,500
    Funds lent in using Kiva
  • 43.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Vergenia to purchase fertilizers such as manure and to pay for the labor cost of farm maintenance.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Mar 25, 2011
Listed
Apr 8, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2011