Eduarda A. is from the village of San Vicente Bajo in Oroquieta City. She is 65 years old. Eduarda is married and has four adult children. To make a living Eduarda owns and operates a business venture in the retail sector operating a specialised retail store. While not the only means for generating revenue, the main source of income for the business comes from selling a variety of food products in the local community. Eduarda has been engaged in her business for over five years and earns approximately 2000 PHP a month for these activities.
In 2011, Eduarda joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Eduarda is requesting a loan of 15000 PHP which will be used to purchase additional products to sell. This loan will be the first loan taken out by Eduarda from GDMPC. She plans to use the additional revenue generated from the business to improve and 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, 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.