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Karen Ann
Karen Ann earns a living from selling goods in her retail store while her husband works abroad. For three years, Karen Ann has earned well and sustained the business. She has also bought some home improvements like appliances. Karen Ann had competitors in the village but she never worried because she had loyal customers who visited her store and make some purchases. To add inventory capital, she is taking a loan from GDMPC microcredit to buy more grocery items to sell. She hopes to have more returns in order to generate additional income for the purpose of renovating her house and sustaining the family's needs.

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.

Tags

About Philippines

  • $1175
    Average annual income
  • 953
    View loans »
    Philippines Loans Fundraising
  • $54,415,025
    Funds lent in using Kiva
  • 43.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Karen Ann to buy more grocery items to sell.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 23, 2014
Listed
Jun 3, 2014
Currency Exchange Loss:
Possible
Ended:
Apr 18, 2015