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Lolita
Lolita has been operating her own bakery for many years, and she earns well from this. Having a family requires more efforts to provide for the needs, especially those of the children. She has to work hard, with the determination to have more income, to provide her children better education.

To improve her sales, she took a new loan from GDMPC. She will use the loan to buy raw ingredients, for preparing cakes and pastries to sell. In the future, Lolita hopes to improve the general living conditions of her family.

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

  • $7,000
    Average annual income
  • 1152
    View loans »
    Philippines Loans Fundraising
  • $57,777,750
    Funds lent in using Kiva
  • 43.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Lolita to buy ingredients for baking cakes and pastries.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 25, 2014
Listed
Jul 26, 2014
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2015