A loan of $425 helped to repair existing vehicle for better service.

Elaine's story

Elaine P. is from the village of Lapasan Clarin Misamis Occidental. She is 39 years old. Elaine is married and has 4 school-aged children. To make a living, Elaine owns and operates a business venture in the transportation services sector. The main source of income for the business comes primarily from operating service-based services. Elaine has been engaged in her business for over 2 years and earns approximately 10000 PHP a month for these activities.

In 2010, Elaine joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Elaine is requesting a loan of 18000 PHP that will be used to repair an existing vehicle for better service. This loan will be the first loan taken out by Elaine 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, 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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