A loan of $425 helped to purchase additional products to sell.


Rachel's story

Rachel A. is from the village of Bayabas, in Aurora, Zamboanga del Sur. She is 41 years old. Rachel is married and has 5 school-aged children. To make a living, Rachel owns & operates a business venture in the retail sector operating a sari-sari or general store. While not the only means for generating revenue, the main source of income for the business comes primarily from selling daily use products such as shampoo, soap, toothpaste, etc., in the local community. Rachel has been engaged in her business for over 3 years and earns approximately 3500 PHP a month for these activities.

In 2007, Rachel joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Rachel has successfully repaid a previous loan of 15000 PHP from GDMPC. This previous loan was used to purchase additional products to sell. Rachel is requesting a new loan of 20000 PHP which will be used to purchase additional products to sell. This loan will be the twelfth loan taken out by Rachel 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. 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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