Nestor Q. is from Aguada, Ozamiz City. He is 43 years old. Nestor is married and has one school-aged child. To make a living, Nestor owns and operates a business venture in the services sector, providing photocopying services in the local community. Nestor has been engaged in his business for over two years and earns approximately 8,000 Philippine pesos (PHP) a month for these activities.
In 2007 Nestor joined GDMPC to gain access to financial services to help improve his living situation and ability to engage in business activities. Nestor has successfully repaid a previous loan from GDMPC. Nestor is requesting a new loan of 15,000 PHP which will be used to purchase bond papers, ink and to repair existing machine for better services of his business. This loan will be the third loan taken out by Nestor from GDMPC. He plans to use the additional revenue generated from the business to improve the general living conditions of his family.
GDMPC is one of the most progressive cooperatives in Mindanao, Philippines. It has seven branches 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.