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

Rosa's story

Rosa L. is from Ozamiz City, Misamis Occidental. She is 54, married and has 4 adult children. Rosa owns & operates a specialized retail store. Her main source of income comes from selling cosmetics in the local community. Rosa has been engaged in her business for over 1 year and earns approximately 5000 PHP a month for these activities.

In 2005, Rosa joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Rosa repaid a previous loan of 15000 PHP from GDMPC. Rosa is requesting a new loan of 20000 PHP which will be used to invest in expanding the business. This loan will be the 13th loan taken out by Rosa from GDMPC. She plans to use the additional revenue generated from the business to improve/expand her business.

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.

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