Lucia B. is from the village of Villaflor Oroquieta City Misamis Occidental. She is 48 years old. Lucia is married and has 3 school-aged children. To make a living, Lucia owns & operates a business venture in the food sector making & selling food. While not the only means for generating revenue, the main source of income for the business comes from preparing and selling cooked food for daily meals. Lucia has been engaged in her business for over 10 years and earns approximately 1,500 PHP a month for these activities.
In 2007, Lucia joined GDMPC to gain access to financial services in order to help improve her living situation and ability to engage in business activities. Lucia has successfully repaid a previous loan of 10,000 PHP from GDMPC. Lucia is requesting a new loan of 8000 PHP which will be used to purchase raw ingredients needed to make products for sale. This loan will be the sixth loan taken out by Lucia from GDMPC. She plans to use the additional revenue generated from the business for additional financial support of borrower's family.
GDMPC is one of the most progressive cooperatives in Mindanao, Philippines.
*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.
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.