Mae L. is from the village of Rizal, Jimenez, Misamis Occidental. She is 26 years old, is married and has two school-aged children. To make a living, Mae owns and operates a specialized retail store. While not the only means for generating revenue, the main source of income for the business comes from selling different kinds of clothes in the local community. Mae is just starting this business.
In 2009, Mae joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. She has successfully repaid a previous loan of 3,000 PHP from GDMPC. Mae is requesting a new loan of 5,000 PHP which will be used to purchase additional goods for sale. This loan will be the second loan she has taken out from GDMPC. She plans to use the additional revenue generated from the business to improve her family's general living conditions.
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, fisherfolk 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.