Josephine T. is from the village of Tungawan, Tambulig, Zambo.Sur. She is 55 years old. Josephine is widowed and has four adult children. To make a living, Josephine owns and operates a specialized 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 and snacks in the local community. Josephine has been engaged in her business for more than eight years and earns approximately 8,000 PHP a month for these activities.
In 2007, Josephine joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Josephine has successfully repaid a previous loan of 5,000 PHP from GDMPC. Josephine is requesting a new loan of 10,000 PHP, which will be used to purchase additional products to sell. This loan will be the second loan taken out by Josephine from GDMPC. She plans to use the additional revenue generated from the business to improve the general living conditions of her 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.