A loan of $225 helped to purchase additional inventory & working capital.

Erlinda's story

Erlinda M. is from the village of Mangidkid Plaridel Misamis Occidental. She is 59 years old. Erlinda is widowed and has three adult children. To make a living, Erlinda owns & operates a retail sector operating a specialized retail store. While not the only means for generating revenue the main source of income comes primarily from selling daily use products such as sugar, salt, shampoo, soap (bath and laundry) & toothpaste in the local community. Erlinda has been engaged in her business for over three years and earns approximately 5,000 PHP a month for these activities.

In 2009, Erlinda joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Erlinda has successfully repaid a previous loan of 7,000 PHP from GDMPC. This previous loan was used to purchase additional products to sell. Erlinda is requesting a new loan of 10,000 PHP, which will be used to purchase additional inventory & working capital. This loan will be the third loan taken out by Erlinda from GDMPC. She plans to use the additional revenue generated from the business to save as a reserve for future emergencies.

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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