Total loan: $925
Ozamiz - Aguada, Ozamiz City, Northern Mindanao, Philippines / Retail
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A loan helped Additional capital for her existing businesses.
Gemma B. is from the village of Bernard Sub. Aguada, Ozamiz City. She is 38 years old. Gemma is married and has two school-aged children. To make a living, Gemma owns and operates two businesses: a sari-sari (variety) store and a rent-a-car business. She has been engaged in her businesses for over 13 months and earns approximately 35,000 PHP a month for these activities. In 2010, Gemma joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. She is now requesting a loan of 40,000 PHP which will be used as additional capital for her business. She plans to use the additional revenue generated from the business to improve the general living conditions of her family. About PMPC: Paglaum Multi-Purpose Cooperative (PMPC) is one of the most progressive cooperatives in northwestern Mindanao. It reaches out to the rural poor using the Grameen model. *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.