A loan of $325 helped to invest in expanding the business.

Jorenda's story

Jorenda C. is from the village of Sto.Nino, Tukuran Zamboanga Del Sir. She is 40 years old. Jorenda is married and has 4 adult-aged children. To make a living, Jorenda owns and operates a business venture in the food sector running a food stall. While not the only means for generating revenue, the main source of income for the business comes primarily from selling, bread, coffee, etc.in the community. Jorenda has been engaged in her business for over 3 years and earns approximately 5,000 PHP a month for these activities.

In 2009, Jorenda joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Jorenda has successfully repaid a previous loan of 15,000 PHP from GDMPC. This previous loan was used to to purchase additional products to sell. Jorenda is requesting a new loan of 15,000 PHP, which will be used to invest in expanding the business. This loan will be the third loan taken out by Jorenda 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 units 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.

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