A loan of $125 helped to repair existing vehicle for better service.

Iriel's story

Iriel T. is from the village of Militar, Tukuran, Zamboanga del Sur. She is 25 years old. Iriel is married and has 1 infant child. To make a living, Iriel owns and operates a business venture in the services sector operating transportation services. While not the only means for generating revenue, the main source of income for the business comes from operating pedicab transport services. Iriel has been engaged in her business for over 4 years and earns approximately 3,000 PHP a month for these activities.

In 2008, Iriel joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Iriel has successfully repaid a previous loan of 5,000 PHP from GDMPC. This previous loan was used to to purchase an additional vehicle for the business. Iriel is requesting a new loan of 5,000 PHP which will be used to repair their existing vehicle for better service. This will be the third loan taken out by Iriel 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, 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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