A loan of $350 helped to invest in expanding the business.

Fatima's story

Fatima D. is from the village of Poblacion 4 Clarin, Misamis Occidental. She is 45 years-old and married with two school-aged children. Fatima owns and operates a business making and selling food. While not the only means for generating revenue, the main source of income for the business comes from selling snacks and other delicacies in the local community. Fatima has been engaged in her business for over 20 years and earns approximately 5,000 PHP a month.

In 2004, Fatima joined Kiva partner GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Fatima has successfully repaid a previous loan of 10,000 PHP from GDMPC. Fatima is requesting a new loan of 15,000 PHP which will be used to invest in expanding the business. This loan will be the eighth loan taken out by Fatima 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.

*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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