A loan of $350 helped a member to purchase additional products to sell.

Helen's Group's story

Helen C. is from the village of Tru-Cut Sapang Dalaga, Misamis Occidental. She is 35 years old. Helen is the group leader of a three-member group loan offered by GDMPC, a Kiva partner. 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. The official name of this borrowing group is Tundan.

Helen is married and has an adult child. To make a living, Helen owns and operates a business selling fish products. The main source of income for the business comes from selling fish to local community members. Helen has been engaged in her business for over five years and earns approximately 6,000 Philippine pesos a month for these activities.

In 2010, Helen joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Helen is requesting a new loan of 5,000 PHP, which will be used to purchase additional products to sell. This will be the first loan taken out by Helen 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, 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: Helen, Marivic, Maristella

Loan details

Lenders and lending teams

Loan details