A loan of $225 helped to invest in expanding the business.

Jonaldine's story

Jonaldine B. is from the village of Palilan, Jimenez, Misamis Occidental. She is 30 years old. Jonaldine is single. Jonaldine owns & operates a fishing business. The main source of income for the business comes from buying and selling fish. Jonaldine has been engaged in her business for over 7 years and earns approximately 6,000 PHP a month for these activities.

In 2007, Jonaldine joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Jonaldine has successfully repaid a previous loan of 7,000 PHP from GDMPC. This previous loan was used to purchase additional fish to sell.

Jonaldine is requesting a new loan of 10,000 PHP which will be used to invest in expanding the business. This loan will be the third loan taken out by Jonaldine from GDMPC. She plans to use the additional revenue generated from the business to improve and 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, fisherfolk 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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