A loan of $700 helped to purchase raw ingredients needed to make products for sale.

Arturo's story

Arturo C. is from the village of Gango, Ozamiz City. He is 44 years old. Arturo is married and has 1 school-aged child. To make a living, Arturo owns & operates a business venture in the food sector making & selling food. While not the only means for generating revenue, the main source of income for the business comes from selling "buko" juice in the market. Arturo has been engaged in his business for over 3 years and earns approximately 15,000 PHP a month for these activities.

In 2009, Arturo joined GDMPC to gain access to financial services to help improve his living situation and ability to engage in business activities. Arturo has successfully repaid a previous loan of 25,000 PHP from GDMPC. Arturo is requesting a new loan of 30,000 PHP which will be used to purchase raw ingredients needed to make products for sale. This will be the fifth loan taken out by Arturo 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 seven branches 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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