Lorna P. is from Gango Ozamiz City. She is 39 years old. Lorna is married and has two school-aged children. To make a living, Lorna owns and operates a business venture in the food sector making and selling food. While not the only means for generating revenue, the main source of income for the business comes primarily from selling snacks like bread, cookies and "puto" rice cake. Lorna has been engaged in her business for more than three years and earns approximately 20,000 PHP a month for these activities.
In 2008, Lorna joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Lorna has successfully repaid a previous loan of 20,000 PHP from GDMPC. Lorna is requesting a new loan of 20,000 PHP, which will be used to purchase raw ingredients needed to make products for sale. This loan will be the fifth loan taken out by Lorna 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 unit offices covering the provinces of Zamboanga del Sur, Lanao del Norte and Misamis Occidental. Its membership is composed mostly of farmers, fisherfolk 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.