A loan of $575 helped to invest in expanding the fish and shrimp selling business.

Elvie's story

Elvie M. is from the village of Poblacion, Aurora Zamboanga Del Sur. She is 30 years old. Elvie is married and has three school-aged children. To make a living, Elvie owns and operates a business venture in the retail sector operating a specialized retail store. While not the only means for generating revenue, the main source of income for the business comes primarily from selling seafood products including fish and shrimp in the local community. Elvie has been engaged in her business for over 2 years and earns approximately 10000 PHP a month for these activities.

In 2010, Elvie joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Elvie has successfully repaid a previous loan from GDMPC. This previous loan was used to purchase additional products to sell. Elvie is requesting a new loan of 25000 PHP which will be used to invest in expanding the business. This loan will be the second loan taken out by Elvie 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 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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