A loan of $450 helped to purchase additional product to sell.

Pearly's story

Pearly D. is from the village of Danlugan Lopez Jaena. She is 34 years old. Pearly is married. To make a living, Pearly owns & operates a sari-sari" general store, selling a variety of products such as can goods, sugar, rice, salt, shampoo, soap and other products needed in the local community. Pearly has been engaged in her business for over nine years and earns approximately 10,000 PHP a month for these activities.

In 2007, Pearly joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Pearly has successfully repaid a previous loan of 20,000 PHP from GDMPC. Pearly is requesting a new loan of 20000 PHP, which will be used to purchase additional product to sell. This loan will be the fifth loan taken out by Pearly from GDMPC. She plans to use the additional revenue generated from the business to improve/expand her business and to save the income for a future emergency.

About GDMPC:

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