A loan of $225 helped to invest in expanding the business.


Elias R.'s story

Elias R. L. is from the village of Panay Daku, Clarin, Misamis Occidental. He is 54 years old, and married with six adult-aged children. To make a living, Elias owns and operates a business venture in the agriculture sector raising crops. While not the only means for generating revenue, the main source of income for the business comes from planting and harvesting coconut for sale. Elias has been engaged in his business for over five years and earns approximately 5000 PHP a month from these activities.


In 2005, Elias joined Kiva partner, GDMPC, to gain access to financial services to help improve his living situation and ability to engage in business activities. He has successfully repaid a previous loan of 5000 PHP from GDMPC. Elias is requesting a new loan of 10,000 PHP, which will be used to invest in expanding his business. This loan will be his seventh from GDMPC. He plans to use the additional revenue generated to improve and expand his business and to improve his family's general living conditions.


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, fisherfolk 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.



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