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Ricky, a 25-year old, is a single entrepreneur of Lapasan, Clarin. He is earning from his transport service business. It has been running for almost 5 years now and he earns 7,000 PHP a month. To improve business, he has borrowed the amount of 10,000 PHP from GDMPC - which he has just joined recently - to buy accessories and tyres. Before long, he is hopeful of the possibility of expanding his business.

Additional Information


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
  • 1875
    View loans »
    Philippines Loans Fundraising
  • $61,096,775
    Funds lent in using Kiva
  • 41.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Ricky to buy accessories and tyres.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Nov 22, 2012
Nov 23, 2012
Currency Exchange Loss:
Jun 21, 2013