Vergenia Y.'s main source of income comes from planting and harvesting mango for sale. She is 44 years old, married and has one school-age child. They are from the village of Poblacion 2, Clarin, Misamis Occidental. Vergenia has been in her business for over 20 years and earns approximately 40,000 Philippine pesos (PHP) a month.
In 2004, Vergenia joined GDMPC to gain access to financial services to help improve her living conditions and enable her to engage in business activities. Vergenia has successfully repaid a previous loan from GDMPC. Vergenia is requesting a new loan of 50,000 PHP which will be used to purchase fertilizers such as manure. This will be her eleventh loan from GDMPC. She plans to use the additional revenue to improve the general living conditions of her family.
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.