Janet E. is from the village of Tiaman Bonifacio Misamis Occ. She is 35 years old and married with 3 school-aged children. To make a living, Janet owns & operates a business in the retail sector operating a specialized retail store. The main source of income for her business comes primarily from her general store "sari-sari store" selling daily use products such as shampoo, soap & toothpaste in the local community. Janet has been engaged in her business for over 3 years and earns approximately 2,000 PHP a month for these activities.
In 2008, Janet joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Janet has successfully repaid a previous loan of 7,000 PHP from GDMPC. Janet is requesting a new loan of 6,000 PHP which will be used to purchase additional products to sell. This loan will be the second loan taken out by Janet from GDMPC. She plans to use the additional revenue generated from the business to pay the tuition fees of the borrower's children.
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.