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Maricel
Maricel A. is from the village of Poblacion 1 in Clarin, Misamis Occidental. She is 29 years old. Maricel is married and has 2 school-aged children. To make a living, Maricel sells new clothing to local community members. Maricel has been engaged in her business for over 3 years and earns approximately 10000 PHP a month from these activities.

In 2006, Maricel joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Maricel has successfully repaid a previous loan of 50000 PHP from GDMPC. Maricel is requesting a new loan of 50000 PHP to expand her business. This will be Maricel's 17th loan from GDMPC. She plans to use the additional revenue generated from the business to improve her family's living conditions.

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, 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.

Additional Information

About GDMPC

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.

About Philippines

  • $1175
    Average annual income
  • 375
    View loans »
    Philippines Loans Fundraising
  • $50,982,700
    Funds lent in using Kiva
  • 46.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Maricel to expand her business.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 26, 2010
Listed
Feb 1, 2010
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2010