A loan of $175 helped to repair existing vehicle in order to offer better services.


Francisco's story

Francisco L. is from the village of Lapinig, Kapatagan, Lanao Del Norte. He is 60 years old, married and has three school-aged children. To make a living, Francisco owns and operates a business venture operating tricycle transport services. Francisco has been engaged in his business for over five years and earns approximately 4,500 PHP per month from these activities.

In 2010, Francisco joined Kiva partner, GDMPC, to gain access to financial services to help improve his living situation and ability to engage in business activities. He has successfully repaid a previous loan of 5,000 PHP from GDMPC. This loan was used to purchase tires and other accessories. Francisco is requesting a new loan of 7,000 PHP, which will be used to repair his existing vehicle in order to offer a better service. This loan will be his third from GDMPC. Francisco plans to use the additional revenue generated from the business to improve his family's general living conditions.


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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