A loan of $250 helped to purchase new fishing nets.

Pacita's story

Pacita is from the city of Maquilao, Tangub City. She is 51 years old. Pacita is married and has three school-age children. To make a living, Pacita owns & operates a business raising fish to sell. Pacita has been engaged in her business for over 15 years and earns approximately 3,000 PHP a month for these activities.

In 2008, Pacita joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Pacita has successfully repaid a previous loan of 7,000 PHP from GDMPC. Pacita is requesting a new loan of 10,000 PHP to purchase new fishing nets. This loan will be the third loan taken out by Pacita 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 seven branches 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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