A loan of $275 helped a member to purchase additional products to sell.

Bemma Romano Group's story

Bemma R. is from the village of Sepac Sapang Dalaga, Misamis Occidental. She is 31 years old. Bemma is the group leader of a 4-member group loan offered by GDMPC. While each member of the group receives an individual loan, they are all collectively responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. The official name of this borrowing group is Shasta Daisy 1.

Bemma is married and has 1 infant-aged child. To make a living, Bemma owns and operates a business venture in the retail sector operating 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 eggs, noodles, salt, sugar, shampoo, soap, & toothpaste in the local community. Bemma has been engaged in her business for over 2 years and earns approximately 6,000 PHP a month for these activities.

In 2010, Bemma joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Bemma is requesting a new loan of 3,000 PHP, which will be used to purchase additional products to sell. This loan will be the first loan taken out by Bemma from GDMPC. She plans to use the additional revenue generated from the business to supplement the family's income.

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, 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.

In this group: Bemma, Nancy, Regina, Lolita

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