A loan of $225 helped to purchase equipment to improve his business.

Arnulfo's story

Arnulfo G. is from the village of Lapasan, Clarin, Misamis Occidental. He is 38 years old, is married, and has five school-aged children.

Arnulfo owns and operates a business providing motor transportation services to local community members. He has been engaged in his business for over two years and earns approximately 6,000 PHP a month.

In 2004, Arnulfo 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 6,000 PHP from GDMPC.

Arnulfo is requesting a new loan of 10,000 PHP which will be used to purchase equipment to improve his business. He plans to use the additional revenue generated from the business to improve and expand his business.

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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