A loan of $175 helped a member to purchase fertilizer such as manure.

Renante's Group's story

Renante M. is from the village of Dalapang, Ozamiz City. He is 31 years old and the group leader of a two-member group loan offered by GDMPC. While each member of the group receives an individual loan, they are all collectively responsible for paying back the loans of their fellow group members if someone is delinquent or defaults.

Renante is married and has two school-aged children. To make a living, he grows corn and rice for sale. He has been engaged in this business for over 10 years and earns approximately 5000 PHP a month.

In 2008, Renante joined GDMPC to gain access to financial services to help improve his living situation and ability to engage in business activities. Renante has successfully repaid a previous loan of 2000 PHP from GDMPC. Renante is requesting a new loan of 2000 PHP which will be used to purchase fertilizers such as manure. This loan will be the fourth loan taken out by Renante 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.

In this group: Renante, Mark Robert

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