Laurente lives in Clarin, Misamis Occidental. He is 43 years old. Laurente is married and has four school-aged children. To make a living, he owns and operates a motorcycle transport service. He has been engaged in his business for over 3 years and earns approximately 45,000 PHP a month for these activities.
He is requesting a loan of 60,000 PHP which will be used to purchase spare parts and tires and to pay for maintenance. In 2004, Laurente joined GDMPC to gain access to financial services to help improve his business and living situation. He plans to use the additional revenue generated from the loan to improve and expand his business.
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.