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Henry
Henry is married with two children, and settled for a living at Lanao del Norte. He is a farmer, and has been working on their farm for many long years.

Their land was pawned by his parents when they had very important needs many years ago.

Henry joined GDMPC this year and availed a loan to redeem (buy back) his farm. He is happy that this time their farm is fully in their hands, and was thankful to GDMPC for making this happen.

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.

About Philippines

  • $1175
    Average annual income
  • 311
    View loans »
    Philippines Loans Fundraising
  • $52,087,775
    Funds lent in using Kiva
  • 43.3
    Philippines Pesos (PHP) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $700 helped Henry to redeem his farm.
50% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jul 11, 2014
Listed
Jul 31, 2014
Currency Exchange Loss:
Possible