100%

funded

Total loan: $225

Karen

Flag of Philippines
Palilan, Jimenez Mis. Occ., Northern Mindanao, Philippines / Transportation

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A loan helped To purchased spare parts for her motorcycle.


Karen's story

Karen B. is from the village of Palilan in Jimenez, Misamis Occidental. She is 23 years old. Karen is married and has one young child. To make a living, Karen provides motorcycle transportation services to local community members. Karen is just starting this business. In 2009, Karen joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Karen is requesting a new loan of 10000 PHP to use as additional capital for her business. This will be Karen's first loan from GDMPC. She plans to use the additional revenue generated from the business to improve her family's living conditions. 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.