Gata Daku Multi-purpose Cooperative (GDMPC)

Philippines

Gata Daku Multi-Purpose Cooperative (GDMPC) was formed in March 1992 and registered with the Cooperative Development Authority on 13August 1992. Starting with an initial capital of 32,000 from 32 farmer-cooperators. Currently, its total membership is more than 8,000 coming from provinces in Mindanao, specifically Misamis Occidental, Zamboanga Del Sur and Lanao Del Norte.

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GDMPC main purpose is people empowerment by providing livelihood opportunities through various types of services. Its contribution to community development in upland, lowland and coastal areas is through: a professionally managed Credit and Savings Operation; associated education components; and the provision of social services. In addition GDMPC also actively assists various livelihood projects for small farmers and fisher-folk including access to technologies, procurement of inputs and marketing of products.

Repayment Performance on Kiva

	This Field Partner	All Kiva Partners
Start Date On Kiva	May 20, 2009	Oct 12, 2005
Total Loans	$1,576,625	$280,866,475
Amount of Raised Inactive Loans	$175	$8,475
Number Of Raised Inactive Loans	1	16
Amount of Paying Back Loans	$470,275	$76,717,975
Number Of Paying Back Loans	1,420	92,492
Amount of Ended Loans	$1,106,175	$204,140,025
Number Of Ended Loans	4,195	280,128
Delinquency Rate	0.02%	2.44%
Amount In Arrears	$87	$1,253,784
Outstanding Portfolio	$382,609	$51,303,862
Number of Loans Delinquent	28	11,530
Default Rate	0.00%	1.12%
Amount of Ended Loans Defaulted	$0	$2,280,201
Amount of Ended Loans	$1,106,175	$204,140,025
Number Of Ended Loans Defaulted	0	6,779
Currency Exchange Loss Rate	0.00%	0.00%
Amount of Currency Exchange Loss	$0	$12,824
Refund Rate	0.10%	1.25%
Amount of Refunded Loans	$1,650	$3,520,925
Number Of Refunded Loans	7	4,156

Loan Characteristics On Kiva

	This Field Partner	All Kiva Partners
Loans To Women Entrepreneurs	84.13%	74.89%
Average Loan Size	$262	$389
Average Individual Loan Size	$278	$618
Average Group Loan Size	$354	$1,631
Average Number Of Entrepreneurs Per Group	2.8	8
Average GDP Per Capita (PPP) in Local Country	$1,175	$3,403
Average Loan Size / GDP Per Capita (PPP)	22.30%	11.42%
Average Time To Fund A Loan	2.49 days	3.96 days
Average Dollars Raised Per Day Per Loan	$105.35	$98.13
Average Loan Term	5.78 months	9.26 months

Journaling Performance on Kiva

	This Field Partner	All Kiva Partners
Total Journals	3,242	131,523
Journaling Rate	69.33%	39.37%
Average Number Of Comments Per Journal	0.03	0.16
Average Number Of Recommendations Per Journal	0.65	4.21

Borrowing Cost Comparison (based on 2009 data)

	This Field Partner	Median for MFI Peers in Country	All Kiva Partners
Average Interest Rate and Fees Borrowers Pay (Portfolio Yield)	28.50%	N/A	36.11%
Average Partner Return On Assets (Average Profitability)	2.9%	N/A	-1.45%
Average Loan Size (% of Per Capita Income)	N/A	13.40%	43.69%

Country Fast Facts

Country:: Philippines
Capital:: Manila
Official Language:: Filipino and English
Population:: 90,460,000
Avg Annual Income:: $1175
Labor Force:: Laborers and Unskilled workers - 31.6% Agricultural Workers - 18.1%
Population Below Poverty Line:: 28,000,000
Literacy Rate:: 92%
Infant Mortality Rate (per 1000):: 30 deaths
Life Expectancy:: 68 years