A loan of $775 helped a member to invest in expanding her business.

Jessie's Group's story

Jessie T. is from the city of Biray, Ozamiz City. She is 38 years old and is the group leader of a six-member group loan offered by GDMPC. While each member of the group receives an individual loan, they are all collectively responsible for paying back the loans of their fellow group members if someone is delinquent or defaults.

Jessie is single. She owns and operates a general store, selling a variety of different products like soft drinks, rice, sugar, shampoo, etc., in the local community. She has been engaged in her business for over three years and earns approximately 10,000 PHP a month.

In 2010, Jessie joined GDMPC to gain access to financial services to help improve her living situation and her ability to engage in business activities. She is requesting a loan of 5,000 PHP which will be used to invest in expanding her business. This loan will be her first from GDMPC. She plans to use the additional revenue generated from his business to improve the general living conditions of her family.

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.

In this group: Jessie, Filadelfa, Really, Jerryfe, Marcelina, Perlita

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Loan details