A loan of $650 helped to pay for registration, franchise and licenses.

Veronica's story

Veronica M. is from the village of Sebasi in Clarin, Misamis Occidental. She is 51 years old. Veronica is married and has 10 school-aged children. To make a living, Veronica provides motorcycle transport services. Veronica has been engaged in her business for over 3 years and earns approximately 10000 PHP a month from these activities.

In 2010, Veronica joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Veronica is requesting a loan of 30,000 PHP to pay for registration, franchise and licenses. This will be Veronica's first loan from GDMPC. She plans to use the additional revenue generated from the business to improve her family's living conditions.

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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