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Richmond
Richmond A. is from the town of East. Pob., Lopez Jaena, Misamis Occidental. He is 49 years old. Richmond is married and has three school-aged children. He is a fisherman who sells his catch in the local community. Richmond has been engaged in his business for over five years and earns approximately 2,000 Philippine pesos (PHP) a month from it.

In 2011, Richmond joined GDMPC to gain access to financial services to help improve his living situation and ability to do business. Richmond is requesting a loan of 40,000 PHP which will be used to purchase additional fish to sell. This loan will be the first loan taken out by Richmond from GDMPC. He plans to use the additional revenue generated from the business to supplement his family's income.

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, fishermen 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
  • 1284
    View loans »
    Philippines Loans Fundraising
  • $56,276,425
    Funds lent in using Kiva
  • 43.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Richmond to purchase additional fish to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Mar 28, 2011
Listed
Apr 19, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2012