Elizabeth D. is from the village of Canibunga Daku, Clarin, Misamis Occidental. She is 43 years old. Elizabeth is married and has four adult children. To make a living, Elizabeth raises crops. The main source of income for the business comes from planting and harvesting coconuts for sale. Elizabeth has been engaged in her business for over five years and earns approximately 20,000 Philippines pesos (PHP) a month for these activities.
In 2004, Elizabeth joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Elizabeth has successfully repaid a previous loan of 40,000 PHP from GDMPC.
Elizabeth is requesting a new loan of 40,000 PHP, which will be used to purchase fertilizers such as manure. This will be the 19th loan taken out by Elizabeth from GDMPC. She plans to use the additional revenue generated from the business 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 units offices covering the provinces of Zamboanga del Sur, Lanao del Norte and Misamis Occidental. Its membership is composed mostly 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.