Funded

Total loan: $825
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Maria


A loan of $825 helped to purchase highly-needed materials for making ice candy and other refreshments.


Maria's story

Maria is a resident of Lopez Jaena, Misamis Occidental, Philippines. She is a widow, 59 years old. She has three grown children who sometimes help her in the business when not busy.

She makes ice candy and other snack items to sell in the community and distributes them in some contact areas not too far from her place. Maria came up with this idea for a business venture five years ago. She makes PHP 8,400 a month, approximately, doing this job.

To have access to financial services, Maria joined GDMPC in the year 2009. All her previous loans were successfully paid back. This year, she is again requesting a loan of PHP 35,000 from the cooperative to purchase highly-needed materials for making ice candy and other refreshments. She usually gets empty boxes or containers at the end of the day - sold out - that pushes her to go on. With this additional investment made, Maria hopes to improve product quality and produce other salable products to sell to lift up the general living condition of the family.



Loan details

Loan length:

13 months
Disbursed date: August 3, 2011
Facilitated by Field Partner: Gata Daku Multi-purpose Cooperative (GDMPC)

Lenders and lending teams



Loan details

Loan length:

13 months
Disbursed date: August 3, 2011
Facilitated by Field Partner: Gata Daku Multi-purpose Cooperative (GDMPC)