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Maria
Maria is a resident of Lopez Jaena, Misamis Occidental, Philippines. She is a widow, 59 years old. She has three grown children who sometimes help her in the business when not busy.

She makes ice candy and other snack items to sell in the community and distributes them in some contact areas not too far from her place. Maria came up with this idea for a business venture five years ago. She makes PHP 8,400 a month, approximately, doing this job.

To have access to financial services, Maria joined GDMPC in the year 2009. All her previous loans were successfully paid back. This year, she is again requesting a loan of PHP 35,000 from the cooperative to purchase highly-needed materials for making ice candy and other refreshments. She usually gets empty boxes or containers at the end of the day - sold out - that pushes her to go on.

With this additional investment made, Maria hopes to improve product quality and produce other salable products to sell to lift up the general living condition of the family.

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
  • 1143
    View loans »
    Philippines Loans Fundraising
  • $54,688,850
    Funds lent in using Kiva
  • 42.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Maria to purchase highly-needed materials for making ice candy and other refreshments.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 3, 2011
Listed
Aug 22, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2012