100%

funded

Total loan: $575

Karen

Flag of Philippines
Clarin, Misamis Occidental, Northern Mindanao, Philippines / Transportation

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A loan helped To repair an existing vehicle for better service.


Karen's story

Karen P. is from the village of Malibangcao, Clarin, Misamis Occidental. She is 32 years old. Karen is married and has an infant. To make a living, Karen owns and operates a motorcycle-transport service. Karen has been engaged in her business for over a year and earns approximately 10,000 Philippines pesos (PHP) a month from it. In 2010, Karen joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Karen has successfully repaid a previous loan of 25,000 PHP from GDMPC. Karen is requesting a new loan of 25,000 PHP, which will be used to repair an existing vehicle for better service. This will be the second loan taken out by Karen 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 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, 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.