A loan of $800 helped to purchase additional products to sell.


Oldalia's story

Oldalia M. is from the village of Segatic Daku Clarin, Misamis Occidental. She is 37 years old. Oldalia is married and has five school-aged children. To make a living, Oldalia owns and 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 from selling a variety of products in the local community. Oldalia has been engaged in her business for over a year and earns approximately 10000 PHP a month from these activities.

In 2010, Oldalia joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Oldalia has successfully repaid a previous loan of 20000 PHP from GDMPC. This previous loan was used to coconut shells. Oldalia is requesting a new loan of 35000 PHP which will be used to purchase additional products to sell. This loan will be the third loan taken out by Oldalia from GDMPC. She plans to use the additional revenue generated from the business to improve the general living conditions of the borrower's family.

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, fisherfolk, 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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