Nelfa M. is from the village of Panalsalan, Plaridel. Misamis Occidental. She is 40 years old. Nelfa is single and has one infant child. To make a living, Nelfa owns & operates a business selling food products in the local community. Nelfa has been engaged in her business for over 10 years and earns approximately 5,000 PHP a month for these activities.
In 2009, Nelfa joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Nelfa has successfully repaid a previous loan of 10,000 PHP from GDMPC. Nelfa is requesting a new loan of 10,000 PHP, which will be used to invest in expanding the business. This loan will be the second loan taken out by Nelfa from GDMPC. She plans to use the additional revenue generated from the business to improve/expand her business.
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.
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.