A loan of $800 helped to repair existing vehicle for better service.

Madzdi's story

Madzdi T. is from the city of Baybay, Ozamiz City. He is 34 years old. Madzdi is married. To make a living, Madzdi operates a transportation service. The main source of income for the business comes from operating a tricycle transport "motorcab" service. Madzdi has been engaged in his business for over three years and earns approximately 25,000 Philippine pesos (PHP) a month from it.

In 2010, Madzdi joined GDMPC to gain access to financial services to help improve his living situation and ability to engage in business activities. Madzdi has successfully repaid a previous loan of 20,000 PHP from GDMPC. Madzdi is requesting a new loan of 35,000 PHP, which will be used to repair an existing vehicle for better service. This will be the fourth loan taken out by Madzdi 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, 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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