Regino B. is from the village of Kinangay Sur, Clarin, Misamis Occidental. He is 47 years old. Regino is married and has six school-aged children. To make a living, he owns and operates a transportation service, primarily pick-up transport. Regino has been engaged in his business for over three years and earns approximately $805 a month for these activities.
In 2004, Regino joined GDMPC to gain access to financial services to help improve his living situation and ability to engage in business activities. Hehas successfully repaid a previous loan of 50,000 PHP from GDMPC. Regino is requesting a new loan of 50,000 PHP which will be used to repair an existing vehicle for better service. This will be his seventh loan 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, 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.
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.