A loan of $450 helped to repair a transport vehicle used in the business.

Darryl's story

Darryl L. is from the village of Casusan in the municipality of Aloran in Misamis Occidental Province. He is 28 years old. Darryl is married and has one school-age child. To make a living, Darryl works in someone else's service-based business. The main source of income for this business comes from providing general services in "motor repair" to local community members. Darryl has been engaged in this business for over 5 years, and he earns approximately 5000 PHP a month for these activities.

In 2009, Darryl joined GDMPC to gain access to financial services to help improve his living situation and ability to engage in business activities. Darryl has successfully repaid a previous loan of 15,000 PHP from GDMPC. Darryl is requesting a new loan of 20,000 PHP, which will be used to repair a transport vehicle used in the business. This loan will be the third loan taken out by Darryl 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.

*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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