Alma M.'s main source of income comes from providing habal-habal services (tricycle transport). She is 53 years old, married and has four grown-up children. She is from the village of Canibungan Daku, Clarin, Misamis Occidental. Alma has been in her business for over a year and earns approximately 10,000 Philippine pesos (PHP) a month.
In 2010, Alma joined GDMPC to gain access to financial services to help improve her living conditions and enable her to engage in business activities. Alma is requesting a loan of 10,000 PHP which will be used to repair her vehicle for better service. This will be her first loan from GDMPC. She plans to use the additional revenue to improve the general living conditions of her family.
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.
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.