A loan of $675 helped to repair his existing vehicle to provide a better service.

Joemar's story

Joemar L. is from the village of Lupagan Clarin Misamis Occidental. He is 34 years old. Joemar is married and has 1 infant-aged child. To make a living, Joemar owns & operates a business venture in the services sector providing transportation services. While not the only means for generating revenue, the main source of income for the business comes primarily from providing motor transport services. Joemar has been engaged in his business for over 3 years and earns approximately 11000 PHP per month for these activities.

In 2009, Joemar joined GDMPC to gain access to financial services to help improve his living situation and his ability to engage in business activities. Joemar has successfully repaid a previous loan of 20000 PHP from GDMPC. Joemar is requesting a new loan of 30000 PHP which will be used to repair his existing vehicle in order to provide a better service. This loan will be the third loan taken out by Joemar 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 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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