100%

funded

Total loan: $150

Madel

Flag of Philippines
Plaridel Misamis Occidental, Northern Mindanao, Philippines / Retail

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A loan helped To purchase additional products to sell.


Madel's story

Madel B. is from the village of Balanlinao, Plaridel, Misamis Occidental. She is 23 years old, married, and has three infant-aged children. To make a living, Madel owns and operates a specialized retail store. The main source of income for the business comes from selling daily need products, such as bread for snacks, candies, shampoo, sugar and sachet coffee, in the local community. Madel has been engaged in her business for over two years and earns approximately 7,000 PHP a month from these activities.
In 2009, Madel joined Kiva partner GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. She has successfully repaid a previous loan of 3,000 PHP from GDMPC. This loan was used to purchase new items to expand her product offering. Madel is requesting a new loan of 6,000 PHP, which will be used to purchase additional products to sell. This loan will be her second from GDMPC. She plans to use the additional revenue generated from the business to supplement her family's income.

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.