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	$5,148,975	$866,290,725
Amount of raised Inactive loans	$0	$438,300
Number of raised Inactive loans	0	312
Amount of Paying Back Loans	$483,325	$138,225,075
Number of Paying Back Loans	1,536	168,102
Amount of Ended Loans	$4,665,650	$727,627,350
Number of Ended Loans	15,729	903,770
Delinquency Rate	0.72%	7.99%
Amount in Arrears	$2,185	$7,217,709
Outstanding Portfolio	$301,824	$90,329,689
Number of Loans Delinquent	34	21,355
Default Rate	0.01%	1.32%
Amount of Ended Loans Defaulted	$375	$9,618,429
Amount of Ended Loans	$4,665,650	$727,627,350
Number of Ended Loans Defaulted	1	26,678
Currency Exchange Loss Rate	0.00%	0.43%
Amount of Currency Exchange Loss	$47	$3,748,624
Refund Rate	0.03%	0.65%
Amount of Refunded Loans	$1,650	$5,634,100
Number of Refunded Loans	7	5,820

Loan Characteristics On Kiva

	This Field Partner	All Kiva Partners
Loans to Women Borrowers	81.07%	74.87%
Average Loan Size	$291	$408
Average Individual Loan Size	$297	$640
Average Group Loan Size	$354	$1,806
Average number of borrowers per group	2.8	7.8
Average GDP per capita (PPP) in local country	$7,000	$5,938
Average Loan Size / GDP per capita (PPP)	4.16%	6.86%
Average Time to Fund a Loan	3.55 days	6.9 days
Average Dollars Raised Per Day Per Loan	$82.14	$59.03
Average Loan Term	7.44 months	11.04 months

Journaling Performance on Kiva

	This Field Partner	All Kiva Partners
Total Journals	7,386	439,977
Journaling Rate	42.75%	41.48%
Average Number of Comments Per Journal	0.02	0.05
Average Number of Recommendations Per Journal	0.30	1.29

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	27.38% PY
Profitability (return on assets)	1.7%	4.8%	-0.69%
Average Loan Size (% of per capita income)	9.80%	8.00%	19.11%

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