Gata Daku Multi-purpose Cooperative (GDMPC)

Approved to post Kiva loans from: Philippines

Kiva conducts regular, ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner.

Partner Description:

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.

The organization offers loans for business investments, housing, emergencies, education, travel, special events like weddings, microloans, salary loans and several different agricultural loans for inputs, livestock and working capital. On top of that, it provides savings accounts for regular depositors, young people and for tuition funds.

In addition to financial products, GDMPC also helps farmers and fishing families access business-boosting technologies and procure necessary inputs.

Annabelle used her $125 loan to buy more inventory for her corner store.

Marciano took out a $700 loan to buy fertilizers and plant more rice.

Interested in doing more to support GDMPC? Join its lending team Allies of Gata Daku Multi-purpose Cooperative - Philippines. You’ll get regular updates and meet other lenders who support the organization.

Repayment Performance on Kiva

	This Field Partner	All Kiva Partners
Start Date On Kiva	May 20, 2009	Oct 12, 2005
Total Loans	$5,706,875	$976,351,475
Amount of raised Inactive loans	$400	$327,900
Number of raised Inactive loans	1	187
Amount of Paying Back Loans	$569,650	$148,689,500
Number of Paying Back Loans	1,855	185,909
Amount of Ended Loans	$5,136,825	$827,334,075
Number of Ended Loans	17,229	1,040,066
Delinquency Rate	0.28%	8.07%
Amount in Arrears	$1,122	$7,850,595
Outstanding Portfolio	$402,201	$97,328,870
Number of Loans Delinquent	23	19,643
Default Rate	0.01%	1.39%
Amount of Ended Loans Defaulted	$375	$11,517,921
Number of Ended Loans Defaulted	1	33,035
Currency Exchange Loss Rate	0.00%	0.45%
Amount of Currency Exchange Loss	$192	$4,428,501
Refund Rate	0.03%	0.61%
Amount of Refunded Loans	$1,650	$5,970,900
Number of Refunded Loans	7	5,987

Loan Characteristics On Kiva

	This Field Partner	All Kiva Partners
Loans to Women Borrowers	81.03%	75.40%
Average Loan Size	$293	$399
Average Individual Loan Size	$298	$629
Average Group Loan Size	$354	$1,760
Average number of borrowers per group	2.8	7.7
Average GDP per capita (PPP) in local country	$7,000	$5,874
Average Loan Size / GDP per capita (PPP)	4.18%	6.79%
Average Time to Fund a Loan	3.55 days	6.9 days
Average Dollars Raised Per Day Per Loan	$82.43	$57.77
Average Loan Term	7.73 months	11.13 months

Journaling Performance on Kiva

	This Field Partner	All Kiva Partners
Total Journals	7,942	510,212
Journaling Rate	41.60%	41.50%
Average Number of Comments Per Journal	0.02	0.05
Average Number of Recommendations Per Journal	0.30	1.15

Borrowing Cost Comparison (based on 2014 data)

	This Field Partner	Median for MFI's in Country	All Kiva Partners
Average Cost to Borrower	28% PY	46.00% PY	26.13% PY
Profitability (return on assets)	1.7%	4.8%	-1.27%
Average Loan Size (% of per capita income)	9.80%	8.00%	16.60%

Country Fast Facts

Country:: Philippines
Capital:: Manila
Official Language:: Filipino (official) and English (official); eight major dialects - Tagalog, Cebuano, Ilocano, Hiligaynon or Ilonggo, Bicol, Waray, Pampango, and Pangasinan
Population:: 107,668,231
Avg Annual Income:: $7,000
Labor Force:: agriculture: 32%, industry: 15%, services: 53%
Population Below Poverty Line:: 25.20%
Literacy Rate:: 96.30%
Infant Mortality Rate (per 1000):: 17.64 deaths
Life Expectancy:: N/A years