Funded

Total loan: $350
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A loan of $350 helped to purchase materials needed to make bolo knives.


Virginia's story

Virginia P. is from the city of Prenza, Tangub City. She is 48 years old. Virginia is married and has three adult-aged children. To make a living, she owns and operates a business of providing bolo-making services to local community members. (A bolo is a large cutting tool similar to the machete, used particularly in the jungles of Indonesia, the Philippines, and in the sugar fields of Cuba.) She has been engaged in her business for over ten years and earns approximately $70 a month for these activities.

In 2009, Virginia joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. She has successfully repaid a previous loan from GDMPC.

Virginia is requesting a new loan of 15,000 PHP which will be used to purchase metals and other materials needed to provide her service. This will be her 4th loan from GDMPC. She plans to use the additional revenue generated from the business to improve the general living conditions of her family.

About GDMPC:

GDMPC is one of the most progressive cooperatives in Mindanao, Philippines. It has seven branches covering the provinces of Zamboanga del Sur, Lanao del Norte and Misamis Occidental. Its membership is composed mostly of farmers, fisherfolk and small entrepreneurs.

*Note: To maximize efficiency and reduce costs, this loan was posted using a template to automate the translation by Kiva. Given that manual translation of entrepreneur profiles is costly, Kiva created this template for our Field Partner to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.



Loan details

Loan length:

8 months
Repayment schedule: At end of term
Disbursed date: March 5, 2011
Facilitated by Field Partner: Gata Daku Multi-purpose Cooperative (GDMPC)

Lenders and lending teams



Loan details

Loan length:

8 months
Repayment schedule: At end of term
Disbursed date: March 5, 2011
Facilitated by Field Partner: Gata Daku Multi-purpose Cooperative (GDMPC)