Fe C. is from the village of Mobod Oroquieta City. She is sixty-three years old. Fe is married and has four grown children. To make a living, Fe owns and operates a specialized retail store in the retail sector. While not the only means for generating revenue, the main source of income comes primarily from selling eggs in the local community. Fe is just starting this business and earns approximately 10,000 PHP a month for these activities.
In 2010, Fe joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Fe is requesting a new loan of 50,000 PHP, which she will use to invest in expanding her business. This will be Fe's first loan from GDMPC. She plans to use the additional revenue generated from the business to improve and expand her business.
GDMPC is one of the most progressive cooperatives in Mindanao, Philippines.
*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 Partners 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.