A loan of $125 helped to invest in expanding the business.

Niza's story

Niza T. is from the village of Tabo-o, Jimenez, Misamis Occidental. She is 52 years old. Niza is married and has 4 adult aged children. To make a living, Niza owns & operates a business venture in the food sector operating a fishing business. While not the only means for generating revenue, the main source of income for the business comes primarily from buying & selling fish in the local community. Niza has been engaged in her business for over 10 years and earns approximately 6,000.00 PHP a month for these activities.

In 2006, Niza joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Niza has successfully repaid a previous loan of 5,000.00 PHP from GDMPC. This previous loan was used to purchase additional fish to sell. Niza is requesting a new loan of 5,000 PHP which will be used to invest in expanding the business. This loan will be the third loan taken out by Niza from GDMPC. She plans to use the additional revenue generated from the business to improve the general living conditions of her family.

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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