To make a living, Jailyn C. owns and operates a store selling daily use products such as sugar, salt, spices, canned goods, pancit (fresh noodles), shampoo, soap and toothpaste in her community. She is 28 years old, married and has one small child. They are from the village of Magcamiguing, Calamba, Misamis Occidental. Jailyn has been in her business for over five years and earns approximately 20,000 Philippine pesos (PHP) a month.
In 2011, Jailyn joined GDMPC to gain access to financial services to help improve her living conditions and enable her to engage in business activities. She is requesting a loan of 50,000 PHP which will be used to purchase additional products to sell. This will be her first loan from GDMPC. She plans to use the additional revenue generated from the business to supplement the family's income.
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, 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.