A loan helped to repair transport vehicle used in the business.

Artem's story

Artem D. is from the town of Aloran. He is 39 years old. Artem is married and has 2 infant-aged children. To make a living, Artem 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 providing transportation services to local community members. Artem has been engaged in his business for over 5 years and earns approximately 12,000 PHP a month for these activities.

In 2010, Artem joined GDMPC to gain access to financial services to help improve his living situation and ability to engage in business activities. Artem is requesting a new loan of 40,000 PHP, which will be used to repair the transport vehicle used in the business. This loan will be the first loan taken out by Artem 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 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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