A loan of $450 helped to repair existing vehicle for better service.

Gil's story

Gil S. is from the village of Gata Daku Clarin, Misamis Occidental. He is 23 years old. Gil is single. To make a living, Gil owns & 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 primarily from operating motor transport services like "habal-habal". Gil has been engaged in his business for over 2 years and earns approximately 10,000 PHP a month for these activities.

In 2005, Gil joined GDMPC to gain access to financial services to help improve his living situation and ability to engage in business activities. Gil has successfully repaid a previous loan of 10,000 PHP from GDMPC. Gil is requesting a new loan of 20,000 PHP, which will be used to repair his existing vehicle to provide better service. This loan will be the 16th loan taken out by Gil 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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