A loan of $425 helped to invest in expanding and additional capital for the business.

Gelisah Fay's story

Gelisah Fay D. R. is from the village of Happy Valley, Tambulig Zamboang Del Sur. She is 33 years old. Gelisah Fay is married and has 3 school-aged children. To make a living, Gelisah Fay owns & operates a business venture in the retail sector operating a specialized retail store. While not the only means for generating revenue, the main source of income for the business comes primarily from selling "chicharon" fried skin from pig and cow products and other dried goods in the local community. Gelisah Fay has been engaged in her business for over 7 years and earns approximately 10000 PHP a month for these activities.

In 2007, Gelisah Fay joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Gelisah Fay has successfully repaid a previous loan of 15000 PHP from GDMPC. Gelisah Fay is requesting a new loan of 20000 PHP which will be used to invest in expanding the business and used as an additional capital of the business. This loan will be the fifth loan taken out by Gelisah Fay from GDMPC. She plans to use the additional revenue generated from the business to pay the tuition fees for her children and save as a reserve for future needs of the family.

About GDMPC:

GDMPC is one of the most progressive cooperatives in Mindanao, Philippines.

*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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