Lorain C. is from the village of Eastern Pob., Lopez Jaena. She is 32 years old, married and has 1 infant. Lorain owns and operates a specialized retail store, selling a variety of food products in the local community. Lorain has been engaged in her business for over 10 years and earns approximately 6,000 PHP a month from it.
In 2011, Lorain joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Lorain is requesting a new loan of 50,000 PHP which will be used to purchase additional products to sell. This will be the first loan taken out by Lorain from GDMPC. She plans to use the additional revenue generated from the business to improve/expand her business.
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.