A loan of $350 helped to repair existing transport vehicles.

Gregorio Jr.'s story

Gregorio Jr. M. is from the village of Poblacion 1 Clarin Misamis Occidental. He is 50 years old and married with 2 school-aged children. To make a living, Gregorio Jr. owns and operates a transportation services business. Gregorio Jr. has been engaged in his business for over 2 years and earns approximately 10000 PHP a month from these activities.

In 2005, Gregorio Jr. joined GDMPC to gain access to financial services to help improve his living situation and ability to engage in business activities. Gregorio Jr. has successfully repaid a previous loan of 5000 PHP from GDMPC and is now requesting a new loan of 15000 PHP which will be used to repair his existing vehicles for better service. This loan will be the 17th loan taken out by Gregorio Jr. 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. It has four branches and three units offices covering the provinces of Zamboanga del Sur, Lanao del Norte and Misamis Occidental. Its membership is composed mostly of farmers, fisherfolks 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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