Margie P. is from the village of Rizal, Jimenez, Misamis Occidental. She is 40 years old. Margie is married and has 6 adult children. To make a living, Margie 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 from raising pigs for sale. Margie has been engaged in her business for over 7 years and earns approximately 2,000 PHP a month for these activities.
In 2008, Margie joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Margie has successfully repaid a previous loan of 5,000 PHP from GDMPC. This previous loan was used as additional capital for her business. Margie is requesting a new loan of 5000 PHP which will be used to purchase feed. This will be the sixth loan taken out by Margie from GDMPC. She plans to use the additional revenue generated from the business to improve/expand her business.
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.