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For the past 12 years, Veronico has been selling baked snack food in his local community for a living. Veronico is 48 years old and married with three children. He is from Poblacion, Lopez Jaena, Misamis Occidental. He earns 20,500 PHP a month from his work and joined GDMPC this year. Veronico is requesting a 30,000 PHP loan to purchase the raw ingredients he needs to make products to sell. He plans to use the income generated with his loan to expand his business and save for his future.

Additional Information


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.

About Philippines

  • $7,000
    Average annual income
  • 459
    View loans »
    Philippines Loans Fundraising
  • $69,734,400
    Funds lent in using Kiva
  • 40.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Veronico to purchase raw ingredients to make products to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jan 10, 2013
Jan 21, 2013
Currency Exchange Loss:
Aug 17, 2013