A loan of $1,075 helped to purchase additional products to sell.

Fibie's story

Fibie D. is from the village of Sinonoc, Sinacaban,Misamis Occidental. She is 51 years old. Fibie is married and has 2 school-aged children. To make a living, Fibie owns and operates a general store. While not the only means for generating revenue, the main source of income for the business comes from selling daily-use products such as shampoo, milk, soap, toothpaste, and canned goods. Fibie has been engaged in her business for over 1 year and earns approximately 10,000.00 PHP a month for these activities.

In 2007, Fibie joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Fibie successfully repaid a previous loan of 30,000.00 PHP from GDMPC. Fibie is requesting a new loan of 50,000 PHP, which will be used to purchase additional products to sell. This loan will be the second loan taken out by Fibie from GDMPC. She plans to use the additional revenue generated from the business to improve/expand her business.

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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