A loan of $250 helped a member to purchase additional fish to sell.

Alejandra's Group's story

Alejandra C. is from the village of Puntod Lopez Jaena, Misamis Occidental. She is 46 years old. Alejandra is the group leader of a 2-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.

Alejandra is married and has 2 school-aged children. Alejandra owns & operates a specialized retail store where she sells fresh fish. Alejandra has been engaged in her business for over 5 years and earns approximately 1,500 PHP a month.

In 2008, Alejandra joined GDMPC to gain access to financial services to help improve her living situation and her ability to engage in business activities. Alejandra has successfully repaid a previous loan of 3,000 PHP from GDMPC. Alejandra is requesting a new loan of 5,000 PHP which will be used to purchase additional fish to sell. This loan will be the second loan taken out by Alejandra from GDMPC. She plans to use the additional revenue generated to supplement the daily needs of her family.

About GDMPC:

GDMPC is one of the most progressive cooperatives in Mindanao, Philippines.

*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: Alejandra, Evangeline

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