A loan of $225 helped to repair a transport vehicle used in the business.

Lourdes's story

Lourdes U. is from the village of Sta. Cruz, Jimenez, Misamis Occidental. She is 65 years old. Lourdes is married and has four adult children. To make a living, Lourdes owns and operates a business venture providing transport services to local community members. Lourdes has been engaged in her business for over three years and earns approximately 2,000 PHP a month.

In 2006, Lourdes joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Lourdes has successfully repaid a previous loan of 7,000 PHP from GDMPC. This previous loan was used to provide additional capital for her business. Lourdes is requesting a new loan of 10,000 PHP which will be used to repair a transport vehicle used in the business. This loan will be the fifth loan taken out by Lourdes from GDMPC. She plans to use the additional revenue generated to improve her business.

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, 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.

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