To make a living, Myrna sells seafood products including fish and shrimp to the local community. Myrna has been engaged in her business for over 25 years and earns approximately 4000 PHP a month.
In 2010, Myrna joined GDMPC to improve her living situation and ability to engage in business activities. Myrna is requesting her first loan from GDMPC, for 10000 PHP, which she will use to purchase additional products to sell.
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, fisherfolks and small entrepreneurs.
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 Partners 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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