Cornelio Y. is 63 years old and widowed with four adult children. He is from the city of Pantaon Ozamis City. To make a living, Cornelio owns and operates a business raising crops. His main source of income comes from planting and harvesting root crops and banana to sell. Cornelio has been engaged in his business for over 20 years and earns approximately 2,000 PHP a month.
Cornelio joined GDMPC in 2008 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 4,000 PHP from GDMPC. Cornelio is requesting a loan of 4,000 PHP to purchase fertilizer such as manure. This will be the third loan taken out by Cornelio from GDMPC. He plans to use the additional revenue generated with his loan 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.