A loan of $175 helped to purchase additional fish to sell.

Gerarda's story

Gerarda C. is from the village of Sto. Niño, Tukuran, Zamboanga del Sur. She is 68 years old. Gerarda is married and has 3 adult children. To make a living, Gerarda sells seafood, including fish and shrimp, in the local community. Gerarda has been engaged in her business for over 8 years and earns approximately 5,000 PHP a month from these activities.

In 2008, Gerarda joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Gerarda has successfully repaid a previous loan of 7,000 PHP from GDMPC that she used to expand her business. Gerarda is requesting a new loan of 7,000 PHP that she will use to buy more fish to sell. This will be Gerarda's third loan from GDMPC. She plans to use the additional revenue generated from the business to improve her family's living conditions.

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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