A loan of $175 helped to purchase additional products to sell.

Thelma's story

Thelma P. lives in Gango Ozamiz City. She is 50 years old, married and has six adult-aged children. To make a living, she runs a specialized retail store where she sells noodles, canned goods, eggs, vinegar, shampoo, soap, toothpaste and other items. Thelma has been engaged in this business for more than 15 years and earns approximately 5,000 PHP a month from her work.

In 2009, Thelma joined GDMPC to gain access to financial services to help improve her life and ability to engage in business. She has successfully repaid a loan for 5,000 PHP from GDMPC, and has applied for a new loan of 7,000 PHP to buy additional products to sell. She plans to use the additional revenue generated by her business to improve her family's life.

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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