A loan of $125 helped to invest in expanding the business.

Nicanora's story

Nicanora A. is from the city of Sta Cruz Tangub City. She is 48 years old. Nicanora is widowed and has 3 adult children. To make a living, Nicanora owns and operates a business venture in the food sector making and selling food. While not the only means for generating revenue, the main source of income for the business comes primarily from selling banana cue in the local community. Nicanora has been engaged in her business for over 5 years and earns approximately 1,000 PHP a month for these activities.

In 2009, Nicanora joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Nicanora is requesting a new loan of 5,000 PHP which will be used to invest in expanding the business. This loan will be the first loan taken out by Nicanora from GDMPC. She plans to use the additional revenue generated from the business to improve the general living conditions of the borrower's family.

About GDMPC:

GDMPC is one of the most progressive cooperatives in Mindanao, Philippines. It has four branches and three unit 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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