A loan of $375 helped to purchase additional products to sell.


Teresa's story

Teresa P. is from the village of Poblacion 4 Clarin Misamis Occidental. She is 56 years old. Teresa is married and has five adult children. Teresa owns a general store which sells a variety of different products such as soap powder, biscuits, sugar, rice, and salt to the local community. Teresa has been engaged in her business for over two years and earns approximately 10,000 PHP a month. In 2007, Teresa joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. She has successfully repaid a previous loan of 15,000 PHP from GDMPC. Teresa is requesting a new loan of 15,000 PHP which will be used to purchase additional products to sell. This loan will be the sixth loan taken out by Teresa from GDMPC. She plans to use the additional revenue generated to continue 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 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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