A loan of $250 helped to repair existing vehicle for better service.

Ronald's story

Ronald D. is from the village of Pana-on Misamis Occidental. He is 25 years old. Ronald is single. To make a living, Ronald owns and operates a business venture in the services sector operating transportation services. While not the only means for generating revenue, the main source of income for the business comes primarily from operating transportation services. Ronald has been engaged in his business for over 2 years and earns approximately 5,000 PHP a month for these activities.

In 2009, Ronald joined GDMPC to gain access to financial services to help improve his living situation and ability to engage in business activities. Ronald has successfully repaid a previous loan of 10,000 PHP from GDMPC. Ronald is requesting a new loan of 10,000 PHP, which will be used to repair existing vehicle to provide better service. This loan will be the seventh loan taken out by Ronald 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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