100%

funded

Total loan: $75

Caridad

Flag of Philippines
Sto. Niño, Tukuran, Zamboanga del Sur, Zamboanga Peninsula, Philippines / Food

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A loan helped purchasing additional products to sell.


Caridad's story

Caridad O. is from the village of Sto.Niño, Tukuran Zamboanga Del Sur. She is 63 years old. Caridad is married and has 2 adult children. To make a living, Caridad makes and sells food. The main source of income for the business comes from selling a variety of food products in the community. Caridad has been engaged in her business for over 3 years and earns approximately 5,000 PHP a month. In 2008, Caridad joined GDMPC in order to gain access to financial services that could help improve her living situation and ability to engage in business activities. Caridad has successfully repaid a previous loan of 5,000 PHP from GDMPC. This previous loan was used to to purchase raw ingredients needed to make products for sale. Caridad is requesting a new loan of 3,000 PHP, which will be used to purchase additional products to sell. This loan will be the fourth loan taken out by Caridad from GDMPC. She plans to use the additional revenue generated from the business to improve her family's general living conditions. About GDMPC: GDMPC is one of the most progressive cooperatives in Mindanao, Philippines. *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.