A loan of $125 helped to invest in a business.

Grace's story

Grace P. is from the village of Sumirap, Tangub City, Misamis Occidental. She is 35 years old. Grace is married and has 1 adult-aged child. To make a living, Grace works in someone else's business venture in the food sector making & selling food. The main source of income for the business comes primarily from selling breads, cakes and cookies to the local community. Grace has been engaged in her business for over 2 years and earns approximately 5,000 PHP a month for these activities.

In 2009, Grace joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Grace is requesting a new loan of 5,000 PHP which will be used to invest in a business. This loan will be the first loan taken out by Grace from GDMPC. She plans to use the additional revenue generated from the business to supplement the family's income.

About GDMPC:

GDMPC is one of the most progressive cooperatives in Mindanao, Philippines. It has four branches and three unit 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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