Funded

Total loan: $700
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A loan of $700 helped to purchase rice and corn grits for resale.


Nenita's story

Nenita is from Lower Lamac, Oroquieta City. She is 38 years old. Nenita is married and has three school-aged children. She has a store that sells daily use products such as shampoo, soap & toothpaste to the local community. Nenita has been engaged in her business for over three years and earns approximately 5000 Philippine pesos (PHP) a month from it.

In 2011, Nenita joined GDMPC to gain access to financial services to help improve her living situation and ability to do business. Nenita is requesting a new loan of 30,000 PHP which will be used to purchase rice and corn grits for sale. This loan will be the first loan taken out by Nenita from GDMPC. She plans to use the additional revenue generated from the business to improve and expand it.

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, fishermen 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.



Loan details

Loan length:

9 months
Repayment schedule: At end of term
Disbursed date: May 5, 2011
Facilitated by Field Partner: Gata Daku Multi-purpose Cooperative (GDMPC)

Lenders and lending teams



Loan details

Loan length:

9 months
Repayment schedule: At end of term
Disbursed date: May 5, 2011
Facilitated by Field Partner: Gata Daku Multi-purpose Cooperative (GDMPC)