A loan of $550 helped to invest in expanding the business.

Monina's story

Monina P. is from the village of Poblacion, Aurora, Zamboanga Del Sur. She is 50 years old, married and has four adult children. To make a living, Monina owns and operates a specialized retail store. While not the only means for generating revenue, the main source of income for the business comes from selling clothing products like pants, shirts, etc. in the local community. Monina has been engaged in her business for over 30 years and earns approximately 10,000 PHP a month from these activities.

In 2007, Monina joined GDMPC to gain access to financial services to help improve her living situation and her ability to engage in business activities. She has successfully repaid a previous loan of 20,000 PHP from GDMPC which was used to purchase additional products to sell. Monina is requesting a new loan of 25,000 PHP which will be used to invest in expanding the business. This will be the seventh loan she has taken out from GDMPC. 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 unit offices covering the provinces of Zamboanga del Sur, Lanao del Norte and Misamis Occidental. Its membership is composed mostly of farmers, fisherfolk 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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