Sheila B. is from the village of Southern Pob., Plaridel, Misamis Occidental. She is 29 years old. Sheila is single and has two children. To make a living, Sheila owns and operates a specialized "sari-sari" retail store, selling retail products like such as soap, salt, sugar, noodles and other daily use products. Sheila has been in business for over five years and earns approximately 8,000 PHP a month.
In 2008, Sheila joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Sheila has successfully repaid a previous loan of 7,000 PHP from GDMPC. This previous loan was used to invest in expanding the business. Sheila is requesting a new loan of 25,000 PHP, which will be used to purchase additional products to sell. This loan will be the third loan taken out by Sheila from GDMPC. She plans to use the additional revenue generated from the business to supplement her family's income.
GDMPC is one of the most progressive cooperatives in Mindanao, Philippines. It has four branches and three 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.