Cornelia B. is from the village of Tabo-o in Jimenez, Misamis Occidental. She is 60 years old. Cornelia is married and has 4 adult children. To make a living, Cornelia owns and operates a sari-sari (variety) store where she buys and sells fish to the local community. Cornelia has been engaged in her business for over 20 years and earns approximately 5,000.00 PHP a month from these activities.
In 2007, Cornelia joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Cornelia has successfully repaid a previous loan of 20,000.00 PHP from GDMPC. Cornelia is requesting a new loan of 20000 PHP which will be used to purchase additional products to sell. This loan will be the sixth loan taken out by Cornelia from GDMPC. She plans to use the additional revenue generated from the business to improve the general living conditions of her family.
GDMPC is one of the most progressive cooperatives in Mindanao, Philippines. It has four branches and three units offices 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.