Check out some available loans that are similar to this one!
Merlyn
Merlyn A. is from the city of Capucao, Ozamiz City. She is 42 years old. Merlyn is married and has four school-aged children. To make a living, Merlyn raises crops. The main source of income for the business comes from planting and harvesting corn for sale. Merlyn has been engaged in her business for over 10 years and earns approximately 3,000 Philippines pesos (PHP) a month from it.

In 2009, Merlyn joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Merlyn has successfully repaid a previous loan of 7,000 PHP from GDMPC.

Merlyn is requesting a new loan of 10,000 PHP, which will be used to invest in expanding the business. This will be the fourth loan taken out by Merlyn 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 unit 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
  • 270
    View loans »
    Philippines Loans Fundraising
  • $53,135,300
    Funds lent in using Kiva
  • 43.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Merlyn to invest in expanding the business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 7, 2010
Listed
Oct 10, 2010
Currency Exchange Loss:
Possible
Ended:
May 15, 2011