Madzdi owns and operates a specialized retail store, selling "okay-okay" (used clothes) in the local community. He has been engaged in his business for over ten years and earns approximately 15,000 PHP a month.
In 2010, Madzdi joined GDMPC to gain access to financial services to help improve his living situation and his ability to engage in business activities. He is requesting a loan of 10,000 PHP which will be used to repair a transport vehicle used in his business. This loan will be his first from GDMPC.
Madzdi plans to use the additional revenue generated from the business to improve the general living conditions of his 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, 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.
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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