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Laura
Laura is married with three children. She is 50 years old and lives in Poblacion, Sinacaban, Misamis Occidental. Laura owns and operates a general store, selling food and daily use products in the local community to earn a living. She has been in this business for more than 20 years and earns PHP 20,000 per month. Laura requested a loan of PHP 50,000 to purchase additional products to sell. Laura has been a member of Kiva's partner, GDMPC, for more than three years and this will be her eighth loan cycle. She plans to use the additional revenue generated to improve/expand her business and finish the education of her children.

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
  • 1291
    View loans »
    Philippines Loans Fundraising
  • $57,936,400
    Funds lent in using Kiva
  • 43.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Laura to purchase additional products to sell.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 14, 2011
Listed
Oct 30, 2011
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012