A loan of $175 helped to purchase fertilizer for cultivating rice.

Chona's story

Chona S. is from the village of Tabo-o,Jimenez, Misamis Occidental. She is 40 years old. Chona is married and has 4 adult children. To make a living, Chona owns & operates a business venture in the agriculture sector raising crops, primarily planting and harvesting rice for sale. Chona has been engaged in her business for over 2 years and earns approximately 1,500 PHP a month for these activities.

In 2009, Chona joined GDMPC to gain access to financial services to help improve her living situation and her ability to engage in business activities. Chona has successfully repaid a previous loan of 5,000 PHP from GDMPC. This previous loan was used to add capital to her business. Chona is requesting a new loan of 7000 PHP which will be used to purchase fertilizer such as manure. This will be the second loan taken out by Chona from GDMPC. She plans to use the additional revenue generated from the business to improve and expand her business.

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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