Rizalina G. is from the village of Cabungaan Clarin, Misamis Occidental. She is 61 years old. Rizalina is widowed and has 5 adult children. To make a living, Rizalina owns and operates a business venture in the agriculture sector raising crops. While not the only means for generating revenue, the main source of income for the business comes primarily from planting and harvesting coconut for sale. Rizalina has been engaged in her business for over 3 years and earns approximately 5,000 PHP a month for these activities.
In 2005, Rizalina joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Rizalina has successfully repaid a previous loan of 15,000 PHP from GDMPC. Rizalina is requesting a new loan of 25,000 PHP, which will be used to invest in expanding the business. This loan will be the 26th loan taken out by Rizalina 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 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.