Funded

Total loan: $450
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Helen

Philippines
Ozamiz City, Philippines / Transportation

A loan of $450 helped to repair the existing vehicle to improve services.


Helen's story

Helen Y. is from the city of San Antonio, Ozamiz City. She is 46 years old, married and has two school-aged children. To make a living, Helen 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 motor transport services. Helen has been engaged in her business for over one year and earns approximately 10000 PHP a month from these activities.

In 2004, Helen joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. She has successfully repaid a previous loan of 10000 PHP from GDMPC. Helen is requesting a new loan of 20000 PHP which will be used to repair the existing vehicle to improve service. This loan will be the 14th loan Helen has taken out from GDMPC. She plans to use the additional revenue generated from the business to improve her 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.



Loan details

Loan length:

6 months
Repayment schedule: At end of term
Disbursed date: February 10, 2010
Facilitated by Field Partner: Gata Daku Multi-purpose Cooperative (GDMPC)

Lenders and lending teams



Loan details

Loan length:

6 months
Repayment schedule: At end of term
Disbursed date: February 10, 2010
Facilitated by Field Partner: Gata Daku Multi-purpose Cooperative (GDMPC)