100%

funded

Total loan: $450

Rosita

Ozamis, City, Misamis Occidental, Northern Mindanao, Philippines / Food

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A loan helped to purchase raw materials to make additional products.


Rosita's story

Rosita L. is from Gala Ozamiz City. She is 60 years old. Rosita is married and has seven adult children. To make a living, Rosita owns and operates a business. While not the only means for generating revenue, the main source of income for the business comes primarily from making and selling soya milk products to local businesses and community members. Rosita has been engaged in her business for more than two years and earns approximately 15,000 PHP a month for these activities. In 2008, Rosita joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Rosita has successfully repaid a previous loan of 20,000 PHP from GDMPC. Rosita is requesting a new loan of 20,000 PHP, which will be used to purchase raw materials to make additional products. This loan will be the sixth loan taken out by Rosita 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 units offices covering the provinces of Zamboanga del Sur, Lanao del Norte and Misamis Occidental. Its membership is composed mostly of farmers, fisherfolks 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.