A loan of $125 helped to repair an existing vehicle for better service.

Teofila's story

Teofila M. is from the city of Santa Cruz, Tangub City. She is 50 years old. Teofila is married and has two adult-aged children. To make a living, she owns and operates a motorcycle transport service. She has been engaged in her business for over ten years and earns approximately $50 a month for this activity.

In 2010, Teofila joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. She is requesting a loan of 5,000 PHP which will be used to repair an existing vehicle for better service. This will be her 1st loan from GDMPC. She plans to use the additional revenue generated from the business to improve the general living conditions of her 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, fisherfolk 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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