A loan of $1,750 helped a member to expand her business.

Criselda's Group's story

Criselda V. is from the village of Gata Diot in Clarin, Misamis Occidental. She is 40 years old. Criselda is the leader of a 7-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.

Criselda is married and has 3 school-aged children. To make a living, Criselda raises and sells pigs. Criselda has been engaged in her business for over 5 years and earns approximately 10000 PHP a month from these activities.

In 2008, Criselda joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Criselda has successfully repaid a previous loan of 8000 PHP from GDMPC. Criselda is requesting a new loan of 15000 PHP to expand her business. This loan will be the fourth loan taken out by Criselda 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.

In this group: Criselda, Florence, Jinky Mabelle, Lilia, Roberta, Melinda, Antonieta

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Loan details