Acquilina R. is from the village of Dinas, Sinacaban, Misamis Occidental. She is 58 years old. Acquilina is widowed and has 7 adult children. To make a living, Acquilina owns & operates a business providing new clothing to local community members. Acquilina is just starting this business.
In 2010, Acquilina joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Acquilina has successfully repaid a previous loan of 7,000 PHP from GDMPC. This previous loan was used for additional capital for her business. Acquilina is requesting a new loan of 10,000 PHP, which will be used to purchase ready to wear clothes and supplies for sale. This loan will be the third loan taken out by Acquilina 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 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.