A loan of $350 helped a member to purchase raw ingredients needed to make the products she sells.

Fe's Group's story

Fe T. is from Barangay 5, Tangub City. She is 37 years old. Fe is the group leader of a two-member group loan offered by GDMPC. While each member of the group receives an individual loan, they are all collectively responsible for paying back the loans of their fellow group members if someone is delinquent or defaults.

Fe is married and has five school-aged children. To make a living, she owns and operates a business of making and selling snacks and ice cream in the local community. She has been engaged in her business for over ten years and earns approximately $47 a month for these activities.

In 2010, Fe joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. She is requesting a loan of 5,000 PHP which will be used to purchase raw ingredients needed to make the products she sells. This will be her 1st loan from GDMPC. She plans to use the additional revenue generated from the business to improve the general living conditions of her family.

About GDMPC:

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.

In this group: Fe, Asuncion

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