Gata Daku Multi-purpose Cooperative (GDMPC)
Status Update - 29 July 2019:
Kiva staff visited this partner in May 2019 and the liquidity situation remains very challenging for Gata Daku. However, there is a possibility that the organisation will be able to survive this crisis and we will continue to monitor the partnership closely with the hope of recovering funds and returning these to lenders. For now, Gata Daku remains paused and cannot fundraise new loans on Kiva.
Status Update - 10 August 2018:
Gata Daku is currently 3 months behind on repaying funds owed to Kiva lenders and as such, Kiva has decided to pause this partner’s ability to post new loans to the Kiva platform. Unfortunately, Gata Daku is currently experiencing a cash flow issue because there are competing demands from its creditors for repayments, causing liquidity challenges and preventing the organization from repaying Kiva lenders. Kiva is actively monitoring Gata Daku’s evolving financial situation and will continue to follow up with the partner in an effort to recover payments due. We'll provide additional relevant information to lenders as it becomes available.
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 | $6,245,775 | $1,330,802,700 | |
| Amount of raised Inactive loans | $0 | $547,125 | |
| Number of raised Inactive loans | 0 | 685 | |
| Amount of Paying Back Loans | $577,950 | $147,970,550 | |
| Number of Paying Back Loans | 1,750 | 195,474 | |
| Amount of Ended Loans | $5,667,825 | $1,182,285,025 | |
| Number of Ended Loans | 19,181 | 1,522,055 | |
| Delinquency Rate | 96.63% | 10.42% | |
| Amount in Arrears | $314,185 | $9,802,012 | |
| Outstanding Portfolio | $325,109 | $94,101,479 | |
| Number of Loans Delinquent | 1,747 | 55,529 | |
| Default Rate | 0.01% | 1.74% | |
| Amount of Ended Loans Defaulted | $375 | $20,609,355 | |
| Number of Ended Loans Defaulted | 1 | 50,258 | |
| Currency Exchange Loss Rate | 0.04% | 0.39% | |
| Amount of Currency Exchange Loss | $2,668 | $5,175,709 | |
| Refund Rate | 0.03% | 0.59% | |
| Amount of Refunded Loans | $1,650 | $7,878,725 | |
| Number of Refunded Loans | 7 | 7,776 |
Loan Characteristics On Kiva
| This Field Partner | All Kiva Partners | ||
| Loans to Women Borrowers | 80.89% | 76.40% | |
|---|---|---|---|
| Average Loan Size | $293 | $394 | |
| Average Individual Loan Size | $298 | $609 | |
| Average Group Loan Size | $355 | $1,761 | |
| Average number of borrowers per group | 2.8 | 7.7 | |
| Average GDP per capita (PPP) in local country | $7,000 | $5,776 | |
| Average Loan Size / GDP per capita (PPP) | 4.18% | 6.82% | |
| Average Time to Fund a Loan | 3.59 days | 7.13 days | |
| Average Dollars Raised Per Day Per Loan | $81.49 | $55.26 | |
| Average Loan Term | 8.02 months | 11.34 months |
Journaling Performance on Kiva
| This Field Partner | All Kiva Partners | ||
| Total Journals | 8,622 | 789,496 | |
|---|---|---|---|
| Journaling Rate | 37.98% | 43.17% | |
| Average Number of Comments Per Journal | 0.02 | 0.03 | |
| Average Number of Recommendations Per Journal | 0.30 | 0.81 |
Borrowing Cost Comparison (based on 2016 data)
| This Field Partner | Median for MFI's in Country | All Kiva Partners | ||
| Average Cost to Borrower | 25% PY | 46.00% PY | 25.36% PY | |
|---|---|---|---|---|
| Profitability (return on assets) | -3.4% | 4.8% | -1.96% | |
| Average Loan Size (% of per capita income) | 9.80% | 8.00% | 12.88% |
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
Field Partner Staff
Susielyn ApaleAnabella Bonsubre
Jupelier Cadampog
Margie Morilla Cartajenas
Irene Castanetas
Rey Clenuar
marchie cuizon
Kiva Editor
Lemuel Enrique
CherryMae Floren
Jinky Flores
Nenalyn Gica
Jasmin Jayo
Marifel Kuizon
Rhaine Rose Labuga
Sharon Lacierda
janice lanzaderas
miraluna lear
Joanne Luza
Gladys Mae Ocaya
Gladys Mae Ocaya
Merry Mhae Polinar
Jane Ramayrat
maria margarita rayos
Marlon Revelo
Charmielou Sanchez
jhona sarion
Suzett Villamor