A loan of $450 helped to purchase additional rice for sale.

Ana Teresa's story

Ana Teresa D. is from barangay Upper Loboc, Oroquieta City. She is 36 years old. Ana Teresa is married and has three school-aged children. To make a living, Ana Teresa owns and operates a specialized retail store. While not the only means for generating revenue, the main source of income for the business comes from selling rice in the local community. Ana Teresa has been engaged in her business for over a year and earns approximately 13,000 PHP a month for these activities.

In 2010, Ana Teresa joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Ana Teresa is requesting a new loan of 20,000 PHP, which will be used to purchase additional products to sell. This loan will be Ana Teresa's first loan from GDMPC. She 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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