Lily owns and operates a business planting and harvesting flowers for sale. She has been engaged in her business for over eleven years and earns approximately 2,000 PHP a month.
In 2009, Lily joined GDMPC to gain access to financial services to help improve her living situation and her ability to engage in business activities. She has successfully repaid a previous loan of 5,000 PHP from GDMPC.
Lily is requesting a new loan of 6,000 PHP which will be used to invest in expanding her business. This loan will be her second from GDMPC. She plans to use the additional revenue generated from the business to pay her children’s tuition fees and to use 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.
About GDMPCGata 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.
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