Alejandro T. lives in the village of Southwestern Pob., Calamba Misamis Occidental. He is 39 years old, married and has five school-aged children. He makes a living by running a retail store where he sells products people use daily such as shampoo, soap, candies, biscuits and toothpaste. He has made a living doing this for more than 10 years and earns approximately 6,000 PHP a month.
Earlier this year, Alejandro joined GDMPC to gain access to financial services to help improve his life and ability to engage in business. He has successfully repaid two previous loans from GDMPC and is applying for a new one, for 15,000 PHP, to buy additional products to sell. He plans to use the additional revenue generated by his business to supplement the family's income.
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, fishermen 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.