A loan of $450 helped to purchase additional products to sell.

Randy's story

Randy M. is from the village of Agunod Plaridel Misamis Occidental. He is 38 years old. Randy is married and has three school-age children. To make a living, Randy owns a specialized retail store which sells daily use products such as shampoo, soap, toothpaste, and bread in the local community. Randy has been engaged in his business for over ten years and earns approximately 9,000 PHP a month.

In 2010, Randy joined GDMPC to gain access to financial services to help improve his living situation and ability to engage in business activities. Randy has successfully repaid a previous loan of 10,000 PHP from GDMPC. This previous loan was used to to purchase additional inventory and for working capital. Randy is requesting a new loan of 20,000 PHP which will be used to purchase additional products to sell. He plans to use the additional revenue generated from the business to supplement the family's income.

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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