Federico is a 25-year-old, single man from Ozamis City, Misamis Occidental. He owns and manages a cell phone repair shop in the local community. He's been with his business for one year and earns PHP 1,700 each month. He is a first-time member of the Gata Daku Multi-Purpose Cooperative (GDMPC). Federico requested a loan of PHP 5,000 to purchase some small phone parts. He plans to use the additional revenue generated from the loan to save 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.