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Blessy
Blessy has been saving money for many days to redeem her parents' rice fields but most of the savings have been spent on household expenses and additional capital for her business. Blessy now wants to buy more grocery goods and feeding supplies to sell.

Blessy has requested a loan from GDMPC microfinance with the contribution of her savings. She hopes that her full devotion to her business will yield a return of sufficient income. Blessy is a 33-year-old woman, living with her child and spouse in the area of Misamis Occidental, Philippines.

Additional Information

More information about this loan

This loan is part of GDMPC's new redemption loan program. During difficult times, poorer clients in rural areas often sell farming lots. This decreases their capacity to generate income, and they are often unable to reclaim the land. GDMPC's program enables these clients to buy back their lots and cultivate them again. In addition, the institution provides working capital loans so clients can invest in seeds and fertilizers to increase crop yields.

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
  • 456
    View loans »
    Philippines Loans Fundraising
  • $51,043,600
    Funds lent in using Kiva
  • 43.5
    Philippines Pesos (PHP) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $3,450 helped Blessy to redeem her parents' rice fields and to buy more grocery goods and feeding supplies to sell.
33% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 27, 2014
Listed
Jun 13, 2014
Currency Exchange Loss:
Possible