A loan of $200 helped to purchase fertilizers such as manure.


Letecia's story

Letecia L. is from the village of Katipunan, Sinacaban, Misamis Occidental. She is 57 years old. Letecia is married and has two grown children. To make a living, Letecia raises crops. While not the only means for generating revenue, the main source of income for the business comes primarily from planting and harvesting a variety of vegetables for sale. Letecia has been engaged in her business for over five years and earns approximately 3,000 PHP a month for these activities.

In 2006, Letecia joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Letecia has successfully repaid a previous loan of 6,000 PHP from GDMPC. This previous loan was used to build capital for her business.

Letecia is requesting a new loan of 8,000 PHP which will be used to purchase fertilizers, such as manure. This loan will be the fourth loan taken out by Letecia from GDMPC. She plans to use the additional revenue generated from the business to 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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