A loan of $1,075 helped to purchase raw ingredients needed to make products for sale.


Gretchen's story

Gretchen T. is from the village of P-4 Malibangcao Clarin, Misamis Occidental. She is 23 years old. Gretchen is married.

To make a living, Gretchen owns & operates a business making & selling food. The main source of income for the business comes from preparing and selling cooked food for daily meals. Gretchen has been engaged in her business for over 5 years and earns approximately 10,000 PHP a month.

In 2009, Gretchen joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Gretchen is requesting a loan of 50,000 PHP which will be used to purchase raw ingredients needed to make products for sale. This loan will be the first loan taken out by Gretchen 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 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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