A loan of $225 helped to invest in expanding the business.

Lorie's story

Lorie D. is from the village of Curvada, Tukuran Zamboanga Del Sur. She is 46 years old. Lorie is married and has 2 school-aged children. To make a living, Lorie owns and operates a general store. While not the only means for generating revenue, the main source of income for the business comes from buying and selling rice and daily-use products like shampoo, soap, and toothpaste in the local community. Lorie has been engaged in her business for over 15 years and earns approximately 10,000 PHP a month for these activities.

In 2007, Lorie joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Lorie successfully repaid a previous loan of 10,000 PHP from GDMPC. This previous loan was used to purchase additional products to sell. Lorie is requesting a new loan of 10,000 PHP, which will be used to invest in expanding the business. This loan will be the fourth loan taken out by Lorie from GDMPC. She plans to use the additional revenue generated from the business to improve the general living conditions of her family and pay the tuition of her two children.

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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