Marcelina B. is from the village of Kinangay Sur, Clarin, Misamis Occidental. She is 70 years old, is married, and has four adult children.
Marcelina owns and operates a business selling charcoal, manufacturing and selling charcoal products to local businesses and community members. She has been engaged in her business for over ten years and earns approximately 30,000 PHP a month.
In 2004, Marcelina joined GDMPC to gain access to financial services to help improve her living situation and her ability to engage in business activities. She has successfully repaid a previous loan of 30,000 PHP from GDMPC.
Marcelina is requesting a new loan of 40,000 PHP which will be used to purchase raw materials such as coconut shells for manufacturing charcoal. This loan will be her 23rd loan from GDMPC. She plans to use the additional revenue generated from the business to improve and expand her business.
GDMPC is one of the most progressive cooperatives in Mindanao, Philippines. It has four branches and three unit offices 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.
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.