A loan of $225 helped to invest in expanding her business.


Monica's story

Monica E. is from the barangay (village) of Sta. Cruz, Tangub City. She is 42 years old, is married, and has one school-aged child. Monica owns and operates a business raising chickens for sale. She has been engaged in her business for over ten years and earns approximately 15,000 PHP a month. In 2009, Monica 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 8,000 PHP from GDMPC. Monica is requesting a new loan of 10,000 PHP which will be used to invest in expanding her business. This loan will be her third 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, 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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