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Lita
Lita A. is from the village of Matugas Alto, Jimenez, Misamis Occidental. She is 47 years old. Lita is married and has three adult children. Lita owns and operates an agricultural business, planting and harvesting a variety of vegetables for sale. Lita has been engaged in her business for over four years and earns approximately 3,000 Philippine pesos (PHP) a month.

In 2007, Lita joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Lita has successfully repaid a previous loan of 5,000 PHP from GDMPC. This previous loan was used for additional capital for her business. Lita is requesting a new loan of 8,000 PHP, which will be used to purchase fertilizers such as manure. This loan will be the eighth loan taken out by Lita from GDMPC. She plans to use the additional revenue generated from the business to improve and expand it.

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

  • $7,000
    Average annual income
  • 1501
    View loans »
    Philippines Loans Fundraising
  • $59,196,250
    Funds lent in using Kiva
  • 43.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Lita to purchase fertilizers such as manure.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Apr 28, 2011
Listed
May 9, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2011