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

Frevisminda's story

Frevisminda O. is from the village of Poblacion, Aurora, Zamboanga Del Sur. She is 48 years old. Frevisminda is a widow and has two adult-aged children. To make a living, she owns and operates a general store, selling daily use products such as canned goods, noodles, sugar, milk, candies, pastries, shampoo, soap and toothpaste in the local community. She has been engaged in her business for over three years and earns approximately $445 a month for these activities.

In 2009, Frevisminda 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 30,000 PHP from GDMPC. This previous loan was used to purchase additional products to sell.

She is requesting a new loan of 50,000 PHP which will be used to invest in expanding the business. This will be her 5th loan from GDMPC. She plans to use the additional revenue generated from the business 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 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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