Prince G. is from the village of Poblacion 2 Clarin, Misamis Occidental. He is 29 years old. Prince is separated from his spouse and has 1 infant child. To make a living, Prince owns & operates a business venture in the agriculture sector raising livestock. While not the only means for generating revenue, the main source of income for the business comes primarily from raising pigs for sale. Prince has been engaged in his business for over 2 years and earns approximately 15,000 PHP a month for these activities.
In 2006, Prince joined GDMPC to gain access to financial services to help improve his living situation and ability to engage in business activities. Prince has successfully repaid a previous loan of 12,000 PHP from GDMPC. Prince is requesting a new loan of 19,000 PHP, which will be used to invest in expanding the business. This loan will be the 20th loan taken out by Prince from GDMPC. He 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 units 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.
*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.