A loan of $125 helped to purchase additional inventory & working capital.

Felix's story

Felix M. is from the village of D'ban Calamba Misamis Occidental. He is 38 years old. Felix is single. To make a living, Felix owns and operates a service based business. While not the only means for generating revenue, the main source of income for the business comes primarily from motorcycle transport services in the local community. Felix has been engaged in his business for over 5 years and earns approximately 3,000 PHP a month for these activities.

In 2010, Felix joined GDMPC to gain access to financial services to help improve his living situation and ability to engage in business activities. Felix is requesting a new loan of 5,000 PHP, which will be used to purchase additional inventory and working capital. This loan will be the first loan taken out by Felix from GDMPC. 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 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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