Miregen V. is from the village of D'ban, Calamba, Mis. Occ. She is 27 years old. Miregen is married and has four school-aged children. To make a living, Miregen operates a specialized retail store. The main source of income for the business comes from selling seafood products, including "kinasun" (small clams) and shrimp, in the local community. Miregen has been engaged in her business for over 10 years and earns approximately 2,000 Philippine pesos a month from these activities.
In 2007, Miregen joined GDMPC, a Kiva partner, to gain access to financial services to help improve her living situation and ability to engage in business activities. Miregen has successfully repaid a previous loan of 10,000 PHP from GDMPC. Miregen is requesting a new loan of 13,000 PHP, which will be used to purchase additional products to sell. This will be the fifth loan taken out by Miregen from GDMPC. She plans to use the additional revenue generated from the business to improve/expand her business.
GDMPC is one of the most progressive cooperatives in Mindanao, Philippines. It has four branches and three unit 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.