Joy L. is from the village of Sta Cruz,Jimenez,Misamis Occidental. She is 47 years old. Joy is married and has 4 school-age children. To make a living, Joy owns & operates a business venture in the retail sector operating a specialized "sari-sari" retail 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 shampoo, soap & toothpaste etc.in the local community. Joy has been engaged in her business for over 5 years and earns approximately 10,000.00 PHP a month for these activities.
In 2008, Joy joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Joy has successfully repaid a previous loan of 30,000.00 PHP from GDMPC. This previous loan was used to purchase additional products to sell. Joy is requesting a new loan of 40,000 PHP which will be used to purchase additional products to sell. This loan will be the third loan taken out by Joy from GDMPC. She plans to use the additional revenue generated from the business to improve/expand her business.
GDMPC is one of the most progressive cooperatives in Mindanao, Philippines. It has four branches and three units offices covering the provinces of Zamboanga del Sur, Lanao del Norte and Misamis Occidental. Its membership is composed mostly of farmers, fisherfolks 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.