Tita C. is from the village of Buenavista, Oroquieta City, Misamis Occidental. She is 58 years old and single. To make a living, Tita owns and operates a business in the retail sector operating a "sari-sari" store. While not the only means for generating revenue, the main source of income for the business comes primarily from selling daily use products such as soap, shampoo, toothpaste, etc. in the local community. Tita has been engaged in her business for over 16 years and earns approximately 2,000 PHP a month from these activities.
In 2009, Tita joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Tita has successfully repaid a previous loan of 3,000 PHP from GDMPC. Tita is requesting a new loan of 7,000 PHP to purchase additional products to sell. This loan will be the second loan taken out by Tita from GDMPC. She plans to use the additional revenue generated from the business to save as a reserve for future emergencies.
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.