A loan helped to use as additional capital for her business.


Veronica's story

Veronica P. is from the village of Dinas, Sinacaban, Misamis Occidental. She is 52 years old, is married, and has three adult children.

Veronica owns and operates a business planting and harvesting sugar cane "tubo" for sale. She has been engaged in her business for over ten years and earns approximately 5,000 PHP a month.

In 2008, Veronica joined GDMPC to gain access to financial services to help improve her living situation and her ability to engage in business activities. She has successfully repaid a previous loan of 7,000 PHP from GDMPC. This previous loan was used to to purchase fertilizer such as manure.

Veronica is requesting a new loan of 8,000 PHP which will be used as additional capital for her business. This loan will be her third from GDMPC. She plans to use the additional revenue generated from the business to improve and expand her business.


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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