A loan of $425 helped to invest in expanding the business.

Celerina's story

Celerina D. is from the village of Panay Daku, Clarin, Misamis Occidental. She is 51 years old. Celerina is married and has 3 school-aged children. To make a living, Celerina owns & operates a business venture in the food sector running a bakery. While not the only means for generating revenue, the main source of income for the business comes from baking & selling a variety of baked goods in the local community. Celerina has been engaged in her business for over 3 years and earns approximately 6000 PHP a month for these activities.

In 2008, Celerina joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Celerina has successfully repaid a previous loan from GDMPC. Celerina is requesting a new loan of 19500 PHP which will be used to invest in expanding the business. This loan will be the fifth loan taken out by Celerina from GDMPC. She plans to use the additional revenue generated from the business to improve the general living conditions of the borrower's family.

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.

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