A loan of $750 helped to purchase raw ingredients.

Mary Ann's story

Mary Ann O. is from the village of Digson Bonifacio Misamis Occ. She is 45 years old. Mary Ann is separated from her spouse and has 4 school-aged children. To make a living, Mary Ann owns and operates a business venture making and selling rice cakes. The main source of income for the business comes from selling baked goods and rice cake products in the local community. Mary Ann has been engaged in her business for over 2 years and earns approximately 13500 PHP a month for these activities.

In 2007, Mary Ann joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Mary Ann has successfully repaid a previous loan of 25000 PHP from GDMPC. This previous loan was used to to purchase raw ingredients needed to make products for sale and to invest in expanding the business. Mary Ann is requesting a new loan of 35000 PHP which will be used to purchase raw ingredients needed to make products to sell. This loan will be the sixth loan taken out by Mary Ann from GDMPC. She plans to use the additional revenue generated from the business to pay the tuition fees of her children and save for future needs.

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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