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Meriam
Meriam A. is from the village of P.5 Lower Loboc, Oroquieta City. She is 51 years old, married and has two school-aged children. To make a living, Meriam owns and operates a fishing business, selling seafood such as fish and shrimp in the local community. Meriam has been engaged in her business for over ten years and earns approximately 10,000 PHP per month from these activities.

In 2007, Meriam joined Kiva partner, GDMPC, to gain access to financial services to help improve her living situation and ability to engage in business activities. She has successfully repaid a previous loan of 30,000 PHP from GDMPC. Meriam is requesting a new loan of 15,000 PHP, which will be used to purchase additional fish to sell. This loan will be her third from GDMPC. She plans to use the additional revenue generated from the business to improve and expand her business.


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.

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

  • $7,000
    Average annual income
  • 1280
    View loans »
    Philippines Loans Fundraising
  • $57,860,075
    Funds lent in using Kiva
  • 44.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Meriam to purchase additional fish to sell.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jan 13, 2011
Listed
Jan 17, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2011