A loan of $350 helped to repair existing vehicle for better service.

Laurente's story

Laurente F. is from the village of Gata Daku Clarin, Misamis Occidental. He is 42 years old, married and has 4 school-aged children. To make a living, Laurente owns and operates a business providing motor transport "habal-habal" (a motorcycle with an extended seat that carries 2 - 6 passengers) services. Laurente has been engaged in his business for over 5 years and earns approximately 20,000 PHP a month from these activities.

In 2004, Laurente joined GDMPC to gain access to financial services to help improve his living situation and ability to engage in business activities. Laurente has successfully repaid a previous loan of 15,000 PHP from GDMPC.

Laurente is requesting a new loan of 15,000 PHP which will be used to repair an existing vehicle for better service. This loan will be the 14th loan taken out by Laurente 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 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.

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