A loan of $325 helped to purchase machinery to expand the business.

Maylinda's story

Maylinda M. is from the village of Poblacion, Sinacaban, Misamis Occidental. She is 28 years old. Maylinda is married and has 5 school-aged children. To make a living, Maylinda owns & operates a manufacturing business. The main source of income for the business comes from manufacturing & selling wood products to local businesses and community members. Maylinda has been engaged in her business for over 6 years and earns approximately 20,000 PHP a month for these activities.

In 2008, Maylinda joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Maylinda has successfully repaid a previous loan of 10,000 PHP from GDMPC. This previous loan was used to purchase raw materials to manufacture additional products. Maylinda is requesting a new loan of 15,000 PHP, which will be used to purchase machinery to expand the business. This loan will be the fourth loan taken out by Maylinda from GDMPC. She plans to use the additional revenue generated from the business to improve the general living conditions of her family.

About GDMPC:

GDMPC is one of the most progressive cooperatives in Mindanao, Philippines. It has four branches and three units 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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