A loan of $1,150 helped to invest in expanding the business.

Gertrudes's story

Gertrudes L. is from the village of Talairon. She is 69 years old. Gertrudes is married and has 3 adult-aged children. To make a living, Gertrudes owns and operates a business venture in the retail sector operating a specialized retail store. The main source of income for the business comes from selling a variety of food products in the local community. Gertrudes has been engaged in her business for over 5 years and earns approximately 5,000 PHP a month for these activities.

In 2008, Gertrudes joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Gertrudes has successfully repaid a previous loan of 50,000 PHP from GDMPC. Gertrudes is requesting a new loan of 50,000 PHP, which will be used to invest in expanding the business. This loan will be the twelfth loan taken out by Gertrudes 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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