A loan of $225 helped to invest in expanding the business.

Hegenio's story

Hegenio C. is from the village of Acad, Aurora Zamboanga Del Sur. He is 41 years old, married and has 4 school-aged children. Hegenio owns and operates a business providing video machine repair services in the local community. Hegenio is just starting this business.

In 2009, Hegenio joined GDMPC to gain access to financial services to help improve his living situation and ability to engage in business activities. Hegenio has successfully repaid a previous loan of 7,000 PHP from GDMPC, which was used to to purchase materials needed to provide service. Hegenio is requesting a new loan of 10,000 PHP, which will be used to invest in expanding the business. This will be the third loan taken out by Hegenio from GDMPC. He plans to use the additional revenue generated from the business to improve his family's general living conditions.

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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