Randy S. is from the village of Nailon Tudela Misamis Occidental. He is 37 years old. Randy is married with three school-aged children. To make a living, Randy owns and operates a passenger van service. Randy has had his business for over two years and earns approximately 8000 PHP a month.
In 2010, Randy joined GDMPC to gain access to financial services to help improve his living situation and business. Randy has successfully repaid a previous loan from GDMPC. Randy is requesting a new loan of 12800 PHP which will be used to repair his passenger van for better service. This will be his second loan from GDMPC. He plans to use the additional revenue to improve his family's living conditions.
GDMPC is one of the most progressive cooperatives in Mindanao, Philippines. It has four branches and three units of 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.