For over 17 years, Jasmin, a 41-year-old married mother of 2 children, has made a living through the operation of a retail store selling a variety of food and home-use products in Bitoon, Ozamis City, Misamis Occidental. She earns PHP 9,000 a month for these activities.
In 2009, Jasmin joined Kiva's partner, GDMPC, to gain access to financial services to help improve her business and living situation. She is now requesting a loan of PHP 10,000 to purchase new items such as candies, milo, bottled water, etc. She plans to use the additional revenue generated from the loan as a reserve for future emergencies.
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.