Tuesday, June 10, 2014

KIVA Loan for June 2014

Domero, 58, lives in Pana-on, Misamis Occidental, Philippines. He is the father of three children, and provides taxi and transportation services in his village to make a living. For more than six years, he has earned well enough to provide for the family. A previous KIVA loan was used to buy spare parts and accessories for his motorcycle and was successfully repaid.

Now he needs a small loan to cover licenses renewal costs so he can continue to provide services to his customers. His goal is to buy a new motorcycle which will be more reliable.

Domero has been a member of GDMPC since 2009. In the future, Domero hopes to expand and improve his business to earn a better living.

Gata Daku Multi-Purpose Cooperative (GDMPC) was founded in 1992 by 32 farmer-members to empower people by providing livelihood opportunities and other support services. Today, it has over 15,000 members located in upland, lowland and coastal regions of the Philippines, and offers credit, savings, education, and various social services. KIVA is lending partner with GDMPC, and KIVA lenders like us can extend a helping hand to people like Domero, who have no access to bank loans. We can help them succeed through their own hard work. 

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