For over five years in Canubay, Oroquieta City, Misamis Occidental, Catherine, a 33-year-old married mother of one child, has made a living through the operation of a general store. She sells a variety of food and home-use products and earns 20,000 PHP a month from these activities.
Recently, Catherine joined GDMPC to gain access to financial services to help improve her business and living situation. She is now requesting a loan of 30,000 PHP to purchase new items such as candies, Milo (malted milk), shampoo, soaps, etc.
Catherine plans to use the additional revenue generated from the loan as a reserve for future emergencies.
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.