A loan of $475 helped to purchase additional products to sell.


Grace's story

Grace G. is from the village of Dinas, Sinacaban, Misamis Occidental. She is 44 years old. Grace is married and has three adult-aged children. To make a living, Grace owns and operates a general store. The main source of income for the business comes from selling daily-use products such as bread, cookies, candies, canned goods, eggs, shampoo, soap, and toothpaste. She has been engaged in her business for over 20 years and earns approximately 2,500 PHP a month. In 2008, Grace joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Grace has successfully repaid a previous loan of 17,000 PHP from GDMPC. This previous loan was used as additional capital for her business. Grace is requesting a new loan of 20,000 PHP which will be used to purchase additional products to sell. This loan will be Grace's fourth loan from GDMPC. She plans to use the additional revenue generated from the business to improve/expand her business. About GDMPC: GDMPC is one of the most progressive cooperatives in Mindanao, Philippines. It has four branches and three units offices that cover 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. Because manual translation of entrepreneur profiles is costly, Kiva created this template that allows its Field Partners to continue to post loans in English while providing quality and accurate information to Kiva lenders.



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