Purita D. is from Oroquieta City. She is 56 years old, widowed and has three adult children. To make a living, Purita owns and operates a restaurant. While not the only means for generating revenue, the main source of income for the business comes from providing food services and food for daily meals to the local community. Purita has been engaged in her business for over 30 years and earns approximately 10,000 PHP a month from these activities.
In 2008, Purita joined GDMPC to gain access to financial services to help improve her living situation and her ability to engage in business activities. She has successfully repaid a previous loan of 15,000 PHP from GDMPC. Purita is requesting a new loan of 10,000 PHP which will be used to invest in expanding the business. This will be the fifth loan she has taken out from GDMPC. She plans to use the additional revenue generated to improve/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 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.