A loan of $800 helped a member to purchase additional products to sell.

Jakelyn's Group's story

Jakelyn T. is from the town of Silanga, Tangub City. She is 31 years old and is the group leader of this seven-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.

Jakelyn is married and has two school-aged children. She owns and operates a specialized retail store, selling seafood products including fish and shrimp in the local community. She has been engaged in her business for over five years and earns approximately 6,000 PHP a month.

In 2010, Jakelyn joined GDMPC to gain access to financial services to help improve her living situation and her ability to engage in business activities. She is requesting a loan of 5,000 PHP which will be used to purchase additional products to sell. This loan will be her first from GDMPC.

Jakelyn 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.

In this group: Jakelyn, Shirly, Nancy, Santiago, Elena, Melba, Jovelyn
*not pictured

Loan details

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Loan details