A loan of $325 helped to purchase additional products to sell.

Charlyn's story

Charlyn R. is from the village of Baybay Balatacan Bonifacio. She is 30 years old. Charlyn is single. To make a living, Charlyn owns and operates a specialized retail store. While not the only means for generating revenue, the main source of income for the business comes primarily from selling daily-use products such as snack foods, cooking oil, soy sauce, shampoo, soap and toothpaste in the local community. Charlyn has been engaged in her business for more than 15 years and earns approximately 10000 PHP a month for these activities.

In 2009, Charlyn joined GDMPC to gain access to financial services to help improve her living situation and her ability to engage in business activities. Charlyn has successfully repaid a previous loan of 12000 PHP from GDMPC. Charlyn is requesting a new loan of 15000 PHP, which will be used to purchase additional products to sell. This loan will be the fourth loan taken out by Charlyn 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, fishers, and small-business 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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