Teresita is from Sepac, Sapang Dalaga, Misamis Occidental. She is 62 years old, widowed and has two adult children.
To make a living, Teresita sells a variety of food and home use products in the local community. She has been engaged in this business for three years and earns 3,000 PHP per month from these activities.
In 2010, Teresita joined Kiva partner GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. She is now requesting a loan of 8,401 PHP, which will be used to purchase new items to expand her product offering. She plans to use the additional revenue generated from the business to supplement her family's income.
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.