In 2010, Francisco joined Kiva partner, GDMPC, to gain access to financial services to help improve his living situation and ability to engage in business activities. He has successfully repaid a previous loan of 5,000 PHP from GDMPC. This loan was used to purchase tires and other accessories. Francisco is requesting a new loan of 7,000 PHP, which will be used to repair his existing vehicle in order to offer a better service. This loan will be his third from GDMPC. Francisco plans to use the additional revenue generated from the business to improve his family's general living conditions.
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, 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.
About GDMPCGata 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.
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Success!! The loan was 100% repaid