A loan of $125 helped to purchase additional products to sell.

Elpedio's story

Elpedio I. owns and operates a specialized retail store and also has a business making furniture for sale in his community. He is 45 years old, married and has five grown-up children. He is from the village of Liloan, Bonifacio, Misamis Occidental. Elpedio has been in business for over five years and earns approximately 5,000 Philippine pesos (PHP) a month.

In 2009, Elpedio joined GDMPC to gain access to financial services to help improve his living conditions and enable him to engage in business activities. Elpedio is requesting a loan of 5,000 PHP which will be used to purchase additional products to sell. This will be his first loan from GDMPC. He plans to use the additional revenue to improve the general living conditions of his family and to save in reserve for future needs.

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.

Loan details

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Loan details