100%

funded

Total loan: $700

Jaime

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

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A loan helped to repair his existing vehicle for better service.


Jaime's story

Jaime I. is from the village of Gata Diot, Clarin, in the Philippine province of Misamis Occidental. He is 46 years old. Jaime is married and has 3 school-aged children. To make a living, Jaime owns and operates a business venture providing transportation services. While not the only means of generating revenue, the income for the business comes primarily from operating a motor vehicle. Jaime has been engaged in his business for over 3 years and earns approximately 10000 PHP a month for these activities. In 2005, Jaime joined GDMPC to gain access to financial services to help improve his living situation and ability to engage in business activities. Jaime has successfully repaid a previous loan of 30000 PHP from GDMPC. He is now requesting a new loan of 30000 PHP, which he will use to repair his existing vehicle for better service. This loan will be the fifth loan Jaime has taken out from GDMPC. He plans to use the additional revenue generated from the business to improve the general living conditions of his family. 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.