A loan of $700 helped to purchased an additional motorcycle and to repair his current vehicle for better service.


Nestor's story

Nestor is from the city of Guingona Ozamiz City. He is 49 years old and married with three adult children. To make a living, he offers transportation services. Nestor has been engaged in his business for over a year and earns approximately 15000 PHP a month.

In 2011, Nestor joined GDMPC to gain access to financial services to help improve his living situation and ability to engage in business activities. Nestor is requesting a loan of 30000 PHP to purchase an additional motorcycle and to repair his existing vehicle for better service. This will be the first loan taken out by Nestor 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, 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.



Loan details

Loan length:

26 months
Repayment schedule: At end of term
Disbursed date: May 17, 2011
Facilitated by Field Partner: Gata Daku Multi-purpose Cooperative (GDMPC)

Lenders and lending teams



Loan details

Loan length:

26 months
Repayment schedule: At end of term
Disbursed date: May 17, 2011
Facilitated by Field Partner: Gata Daku Multi-purpose Cooperative (GDMPC)