A loan of $450 helped to purchase additional products to sell.

Myrna's story

Myrna M. is from the village of Malaubang, Ozamiz City. She is 50 years old. Myrna is widowed and has three adult children. To make a living, Myrna 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 seafood. She sells fish, including the "pirit", "sigarilyo", and "tulingan", as well as shrimp in the local community. Myrna has been engaged in her business for over 30 years and earns approximately 10,000 PHP a month for these activities.

In 2010, Myrna joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Myrna has successfully repaid a previous loan of 10,000 PHP from GDMPC. Myrna is requesting a new loan of 20,000 PHP, which will be used to purchase additional products to sell. This loan will be Myrna's second loan from GDMPC. She plans to use the additional revenue 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, 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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