A loan of $250 helped to invest in expanding his business.

Wilfredo's story

Wilfredo R. is from the village of Taboc Norte, Oroquieta City, Misamis Occidental. He is 54 years old, married, and has one adult child.

Wilfredo owns and operates a business selling fish to the local community. He has been engaged in his business for over twenty years and earns approximately 5,000 PHP a month.

In 2007, Wilfredo joined GDMPC to gain access to financial services to help improve his living situation and his ability to engage in business activities. He has successfully repaid a previous loan of 25,000 PHP from GDMPC.

Wilfredo is requesting a new loan of 12,000 PHP which will be used to invest in expanding his business. This loan will be his third 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.

*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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