A loan of $125 helped to purchase additional seedlings and fertilizers such as manure.

Fernalin's story

Fernalin M. is from the village of Corrales, Jimenez, Misamis Occidental. She is 36 years old, and is married with 1 school-aged child. To make a living, Fernalin owns and operates a business venture in the agriculture sector raising crops. While not the only means for generating revenue, the main source of income for the business comes primarily from planting and harvesting a variety of vegetables for sale. Fernalin has been engaged in her business for over 2 years and earns approximately 1,000 PHP a month for these activities.

In 2011, Fernalin joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Fernalin has successfully repaid a previous loan of 4,500 PHP from GDMPC. This previous loan was used to additional capital for her business. Fernalin is requesting a new loan of 5,000 PHP, which will be used to purchase additional seedlings and fertilizers such as manure. This loan will be the first loan taken out by Fernalin 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 seven branches 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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