Antonieta S. is from the village of Gata Diot, Clarin, Misamis Occidental. She is 48 years old, is widowed and has two adult children. To make a living, Antonieta owns and operates a general store. While not the only means for generating revenue, the main source of income for the business comes from selling a variety of different products such as rice, some snack food, sugar, shampoo, soap, coffee, noodles, soft drinks, etc. in the local community. Antonieta has been engaged in her business for over two years and earns approximately 20,000 PHP a month from these activities.
In 2010, Antonieta joined GDMPC to gain access to financial services to help improve her living situation and her ability to engage in business activities. She is requesting a new loan of 50,000 PHP which will be used to invest in expanding the business. This will be the first loan she has taken out from GDMPC. 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, 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.