Funded

Total loan: $175
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Tessie


A loan of $175 helped to invest in expanding the business.


Tessie's story

Tessie N. is from the village of Tabuan, Tukuran Zamboanga Del Sur. She is 50 years old. Tessie is married and has two adult children. To make a living, Tessie owns & operates a business selling vegetable products like "petchay", "sibuyas dahunan", "sili atsal" and others in the local community. Tessie has been engaged in her business for over four years and earns approximately 5,000 PHP a month for these activities.

In 2009, Tessie joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Tessie has successfully repaid a previous loan of 5,000 PHP from GDMPC. This previous loan was used to purchase additional products to sell. Tessie is requesting a new loan of 7,000 PHP, which will be used to invest in expanding the business. This loan will be the second loan taken out by Tessie 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 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.



Loan details

Loan length:

8 months
Disbursed date: April 27, 2010
Facilitated by Field Partner: Gata Daku Multi-purpose Cooperative (GDMPC)

Lenders and lending teams



Loan details

Loan length:

8 months
Disbursed date: April 27, 2010
Facilitated by Field Partner: Gata Daku Multi-purpose Cooperative (GDMPC)