Esperideon Magbago

Esperideon Magbago is from the village of Mialem, Jimenez, Misamis, Occidental. He is 53-years-old. Esperideon is married and has five adult children. To make a living, Esperideon owns and operates a business venture in the agriculture sector raising livestock. While not the only means for generating revenue, the main source of income for the business comes from raising cattle for sale. Esperideon has been engaged in his business for over five years and earns approximately 6,000 PHP a month for these activities.

In 2008, Esperideon joined GDMPC to gain access to financial services to help improve his living situation and ability to engage in business activities. Esperideon has successfully repaid a previous loan of 25,000 PHP from GDMPC. This previous loan was used to purchase additional animals. Esperideon is requesting a new loan of 25,000 PHP which will be used to purchase livestock feed and other supplies. This loan will be the second loan taken out by Esperideon from GDMPC. He plans to use the additional revenue generated from the business to supplement the family's income.

About GDMPC:

GDMPC is one of the most progressive cooperatives in Mindanao, Philippines. It has four branches and three units offices 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.

Subscribe