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Ernesto
Ernesto is from Kinangay Sur, Clarin, Misamis Occidental. He is 62 years old, and single. To make a living, Ernesto owns and operates a specialized retail store. He sells a variety of products: sugar, coffee, noodles, eggs, soy sauce, vinegar, and other basic needs in the local community. Ernesto has been in his business for more than five years and earns 10,200PHP per month from his business.

In 2011, Ernesto joined GDMPC. Ernesto is requesting a loan of 20,000PHP to purchase supplementary products to sell in his retail store. He plans to use the additional revenue generated from the business to expand his grocery store business, and a fraction of his profit will be saved.

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
  • 1244
    View loans »
    Philippines Loans Fundraising
  • $57,812,500
    Funds lent in using Kiva
  • 40.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Ernesto to purchase supplementary products to sell in his retail grocery store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 12, 2013
Listed
Feb 19, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2013