A loan of $350 helped to purchase new equipment & tools to expand his business.

Francis Eric's story

Francis Eric B. is from the village of D'ban Calamba, Misamis Occidental. He is 31 years old, married and has 2 school-aged children. Francis Eric owns & operates an agricultural business, raising pigs for sale. He has been engaged in his business for over 10 years and earns approximately 8,000 PHP a month.

In 2010, Francis Eric joined GDMPC to gain access to financial services to help improve his living situation and his ability to engage in business activities. He is requesting a new loan of 15,000 PHP which will be used to purchase new equipment & tools to expand his business. This will be his first loan from GDMPC. He plans to use the additional revenue generated to supplement his family's income.

About GDMPC:

GDMPC is one of the most progressive cooperatives in Mindanao, Philippines. It has four branches and three offices covering the provinces of Zamboanga del Sur, Lanao del Norte and Misamis Occidental. Its membership is composed mostly of farmers, fishermen 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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