Alda A. is from the village of Malibangcao Clarin Misamis Occidental. She is 48 years old. Alda is married and has two school-aged children. To make a living, Alda owns and operates a business venture in the agriculture sector raising crops. While not the only means for generating revenue, the main source of income for the business comes primarily from planting and harvesting corn for sale. Alda has been engaged in her business for over five years and earns approximately 10,000 PHP a month for these activities.
In 2005, Alda joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Alda has successfully repaid a previous loan of 20,000 PHP from GDMPC. Alda is requesting a new loan of 20,000 PHP which will be used to purchase fertilizers such as manure. This loan will be the sixth loan taken out by Alda from GDMPC. She plans to use the additional revenue generated from the business to improve the general living conditions of the borrower's family.
GDMPC is one of the most progressive cooperatives in Mindanao, Philippines. It has four branches and three unit 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.