A loan of $725 helped to purchase products to sell.


Eduard's story

Eduard J. is from the village of Bitibut Sapang Dalaga in Misamis Occidental. He is 34 years old. Eduard is married and has 3 infant children. To make a living, Eduard owns & operates a business venture in the retail sector running a specialized retail store.

While not the only means for generating revenue, the main source of income for the business comes primarily from selling daily use products such as shampoo, soap, coffee, sardines, toothpaste, and other items in the local community. Eduard has been engaged in his business for over 5 years and earns approximately 10,000 PHP a month for these activities.

In 2010, Eduard joined GDMPC to gain access to financial services to help improve his living situation and ability to engage in business activities. Eduard has successfully repaid a previous loan of 15,000 PHP from GDMPC. This previous loan was used to to purchase additional inventory & increase working capital.

Eduard is requesting a new loan of 30,000 PHP which will be used to purchase additional products to sell. This loan will be the second loan taken out by Eduard 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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