A loan of $175 helped to invest in expanding the business.

Felicidad's story

Felicidad F. is from the town of Malibangcao Clarin Misamis Occidental. She is 63 years old. Felicidad is married and has 6 adult-aged children. To make a living, Felicidad owns & operates a business venture in the retail sector operating a specialized retail store. While not the only means for generating revenue, the main source of income for the business comes primarily from selling firewoods in the local community. Felicidad has been engaged in her business for over 5 years and earns approximately 5000 PHP a month for these activities.

In 2005, Felicidad joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Felicidad has successfully repaid a previous loan of 5000 PHP from GDMPC. Felicidad is requesting a new loan of 7000 PHP which will be used to invest in expanding the business. This loan will be the seventh loan taken out by Felicidad 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 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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