A loan of $450 helped to invest in expanding the business.

Creselda's story

Creselda R. is from the village of Luksoon Tudela, Misamis Occidental. She is 34 years old and married with two school-aged children. Creselda runs a livestock business, primarily raising pigs for sale. She has done this for over ten years and makes approximately 15000 PHP a month.

In 2010, Creselda joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. She has successfully repaid a previous loan of 20000 PHP from GDMPC and is requesting a new loan of 20000 PHP which will be used to invest in expanding the business. This will be the third loan taken out by Creselda from GDMPC. She plans to use the additional revenue generated from the 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 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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