Rainer Z., 34 years old, operates a specialized retail store in the village of Sta. Cruz, Jimenez, Misamis Occidental. The main source of income for the business comes primarily from selling daily-use products such as noodles, coffee, sugar, shampoo, soap, and toothpaste. Rainer has been engaged in his business for over 10 years and earns approximately 5,000 PHP a month for these activities. He is married and has a school-aged child.
In 2009, Rainer joined GDMPC to gain access to financial services. He hoped to help improve his living situation and increase his ability to engage in business activities. Rainer has successfully repaid a previous loan of 10,000 PHP from GDMPC. This previous loan was used to to purchase additional products to sell.
Rainer is requesting a second loan of 15,000 PHP, which will be used as additional capital for his business. He plans to use the additional revenue generated from the business to improve and expand his business.
GDMPC is one of the most progressive cooperatives in Mindanao, Philippines. It has four branches and three 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.