Norma B. is from the village of Liposong, Ozamiz city. She is 41 years old. Norma is married and has five school-aged children. Norma operates a general store. The main source of income for the business comes from selling daily-use products, such as shampoo, soap and toothpaste, in the local community. Norma has been engaged in her business for over five years and earns approximately 4,000 Philippines pesos a month for these activities.
In 2007, Norma joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Norma has successfully repaid a previous loan of 5,000 PHP from GDMPC. Norma is requesting a new loan of 7,000 PHP, which will be used to purchase additional products to sell. This will be the second loan taken out by Norma from GDMPC. She plans to use the additional revenue generated from the business to pay the tuition fees of her children and for daily needs.
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.