A loan of $700 helped to purchase additional products such as canned goods, noodles. sugar and coffee.

Paquito's story

Paquito S. is from the village of Kinangay Norte, Clarin, Misamis Occidental. He is 60 years old. Paquito is married and has three adult children. Paquito owns and operates a general store. The main source of income for the business comes from selling a variety of different products in the local community. Paquito has been engaged in his business for over three years and earns approximately 20,000 Philippine pesos (PHP) a month from it.

In 2008, Paquito joined GDMPC to gain access to financial services to help improve his living situation and ability to do business. Paquito has successfully repaid a previous loan from GDMPC. Paquito is requesting a new loan of 30,000 PHP which will be used to purchase additional products like canned goods, noodles, sugar and coffee. This loan will be the eighth loan taken out by Paquito 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, fishermen 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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