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Merlie
Merlie C. is from the village of Campo 4, Ramon Magsaysay, Zamboanga Del Sur. She is 54 years old, married and has 2 adult-aged children. Merlie owns and operates a farming business, planting and harvesting rice for sale. Merlie has been engaged in her business for over 10 years and earns approximately 11,600 PHP a month from it.

In 2009, Merlie joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Merlie has successfully repaid a previous loan of 40,000 PHP from GDMPC, which was used to to purchase additional seeds, seedlings and young crops to raise. Merlie is requesting a new loan of 50,000 PHP which will be used to invest in expanding the business. This will be the fourth loan taken out by Merlie from GDMPC. She plans to use the additional revenue generated from the business to improve her family's general 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
  • 235
    View loans »
    Philippines Loans Fundraising
  • $53,065,125
    Funds lent in using Kiva
  • 43.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Merlie to invest in expanding the business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Nov 25, 2010
Listed
Dec 1, 2010
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2011