A loan helped to invest in expanding the business.

Elvie's story

Elvie L. is from the village of Lapasan, Clarin, Misamis Occidental. She is 27 years old, married and has 2 school-aged children. Elvie owns and operates a general store, selling a variety of different products such as milk, juice packs, sugar, salt, noodles, etc. in the local community. Elvie has been involved in her business for over 1 year and earns approximately 15,000 PHP a month from it.

In 2009, Elvie joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Elvie has successfully repaid a previous loan of 30,000 PHP from GDMPC. Elvie is requesting her 5th loan, of 30,000 PHP, which will be used to invest in expanding the business. She plans to use the additional revenue generated from the business to improve her family's general living conditions.

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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