A loan of $875 helped to invest in expanding the business.

Veronica's story

Veronica M. is from the village of Poblacion, Aurora Zamboanga Del Sur. She is 53 years old, is married and has one adult child. To make a living, Veronica owns amd operates a business venture in the agriculture sector raising crops. While not the only means for generating revenue, the main source of income for the business comes from planting and harvesting coconut for sale. Veronica has been engaged in her business for over 10 years and earns approximately 10,000 PHP a month from these activities.

In 2007, Veronica joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. She has successfully repaid a previous loan of 20,000 PHP from GDMPC. This previous loan was used to purchase fertilizers such as manure. Veronica is requesting a new loan of 40,000 PHP which will be used to invest in expanding the business. This loan will be the sixth loan Veronica has taken out from GDMPC. She plans to use the additional revenue generated from the business to improve her family's general living conditions.

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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