A loan of $450 helped to purchase additional inventory and to use as working capital.


Teodora's story

Teodora B. is from the village of D'ban, Calamba, Misamis Occidental. She is 40 years old, is married, and has two school-aged children.

Teodora owns and operates a specialized retail store, selling daily-use products such as coffee, cocoa, shampoo, soap and toothpaste in the local community. She has been engaged in her business for over three years and earns approximately 10,000 PHP a month.

In 2010, Teodora joined GDMPC to gain access to financial services to help improve her living situation and her ability to engage in business activities. She is requesting a loan of 20,000 PHP which will be used to purchase additional inventory and used as working capital. This loan will be her first from GDMPC.

Teodora plans to use the additional revenue generated from the business to supplement her family's income.


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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