A loan of $150 helped to invest in expanding the business.

Rina's story

Rina T. is from the village of Nacional in Jimenez, Misamis Occidental. She is 39 years old. Rina is married and has 3 school-aged children. To make a living, Rina owns and operates a "sari-sari" general store. The main source of income for the business comes from selling daily use products such as shampoo, soap, and toothpaste in the local community. Rina has been engaged in her business for over 7 years and earns approximately 6,000 Philippine pesos (PHP) a month through these activities.

In 2007, Rina joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Rina has successfully repaid a previous loan of 6,000 PHP from GDMPC. This previous loan was used to purchase additional products to sell. Rina is requesting a new loan of 6,000 PHP, which will be used to invest in expanding the business. This loan will be the fifth loan taken out by Rina from GDMPC. She plans to use the additional revenue generated from the business to expand her business.

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, fisherfolk 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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