Melinda T. is from the village of New Village Tambulig ZDS. She is 45 years old. Melinda is married and has 4 school-aged children. To make a living, Melinda owns and operates a specialized retail store. The main source of income for the business comes primarily from selling daily use products such as shampoo, soap, and toothpaste in the local community. Melinda has been engaged in her business for over 3 years and earns approximately 6000 PHP a month for these activities.
In 2009, Melinda joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Melinda has successfully repaid a previous loan of 5000 PHP from GDMPC. Melinda is requesting a new loan of 7000 PHP which will be used to purchase additional products to sell. This loan will be the second loan taken out by Melinda 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 of the family.
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.