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

Status Update - 23 March 2022:

Gata Daku’s final loans with Kiva have ended in default and this partnership is now closed. For the past few years, Kiva has been working with Gata Daku to try to recover the remaining outstanding amounts due to Kiva lenders. Unfortunately, it has not been possible for Gata Daku to overcome the significant financial and operational problems that began to surface in the middle of 2018. Kiva’s present assessment is that this Lending Partner is unable to make further payments, and thus the remaining $325,109.40 in outstanding amounts due to Kiva lenders has been defaulted. If Kiva is able to recover any additional funds from Gata Daku in future, they will be applied to lenders’ accounts on a pro-rata basis.

Status Update - 2 April 2021:

The financial situation at Gata Daku has continued to deteriorate since the last update in July 2019 and the pandemic has compounded an already challenging operating environment. The organisation is undergoing significant restructuring and is being supported by the governing authority for credit cooperatives in the Philippines. This gives Kiva some cause for optimism however the outlook for collecting repayments remains very uncertain. We will continue to engage with Gata Daku and monitor the situation in an effort to recover our lenders' funds.

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.

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.