A loan of $1,125 helped to purchase additional inventory & working capital.

Rusell's story

Rusell G. is from the village of Southwestern Pob. Calamba Misamis Occidental. She is 35 years old. Rusell is married and has 1 school-aged child. To make a living, Rusell owns and operates a specialized retail store. While not the only means for generating revenue, the main source of income for the business comes primarily from selling meat like pork and beef in the local community. Rusell has been engaged in her business for over 5 years and earns approximately 25000 PHP a month for these activities.

In 2008, Rusell joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Rusell has successfully repaid a previous loan of 30,000 PHP from GDMPC. This previous loan was used to to invest in expanding the business. Rusell is requesting a new loan of 50,000 PHP, which will be used to purchase additional inventory & working capital. This loan will be the sixth loan taken out by Rusell 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.

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