A loan of $700 helped to buy products to sell.

Julieta's story

Julieta L. is from the village of Poblacion, Sinacaban, Misamis Occidental. She is 45 years old. Julieta is married and has 1 school-aged child. To make a living, Julieta owns & operates a business venture in the retail sector running a general store.

While not the only means for generating revenue, the main source of income for the business comes primarily from selling food & daily use products in the local community. Julieta has been engaged in her business for over 3 years and earns approximately 5,000 PHP a month from these activities.

In 2008, Julieta joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities.

Julieta has successfully repaid a previous loan of 20,000 PHP from GDMPC. This previous loan was used as additional capital for her business. Julieta is requesting a new loan of 30000 PHP which will be used to purchase additional products to sell. This loan will be the ninth loan taken out by Julieta 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 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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