A loan of $275 helped a member to purchase additional products to sell.

Gen's Group's story

Gen U. is from the village of Villaflor in Oroquieta City. She is 46 years old. Gen is the leader of a 3-member loan group sponsored by GDMPC. Although each member of the group receives an individual loan, they are collectively responsible for repaying the loans of their fellow group members if someone is delinquent or defaults.

Gen is married and has 2 adult children. To make a living, Gen owns and operates a store where she sells snacks and other delicacies in the local community. Gen has been engaged in her business for over 1 year and earns approximately 2800 PHP a month from these activities.

In 2010, Gen joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Gen is requesting a loan of 4000 PHP to purchase additional product to sell. This will be Gen's first loan from GDMPC. She plans to use the additional revenue generated from the business to improve/expand her business.

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.

In this group: Gen, Monina, Asteria

Loan details

Lenders and lending teams

Loan details