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Marlon
Marlon S. is from the village of Poblacion 1, Clarin, Misamis Occidental. He is 44 years old, married and has 4 school-aged children. Marlon owns & operates a general store where he sells medicine to local community members. He has been engaged in his business for over 3 years and earns approximately 30,000 PHP a month.

In 2009, Marlon joined GDMPC to gain access to financial services to help improve his living situation and his ability to engage in business activities. He has successfully repaid a previous loan from GDMPC. Marlon is requesting a new loan of 50,000 PHP which will be used to invest in expanding his business. This will be his eighth loan from GDMPC. He plans to use the additional revenue generated to improve the general living conditions of his family.

About GDMPC:

GDMPC is one of the most progressive cooperatives in Mindanao, Philippines. It has four branches and three offices covering the provinces of Zamboanga del Sur, Lanao del Norte and Misamis Occidental. Its membership is composed mostly of farmers, fishermen 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
  • 1260
    View loans »
    Philippines Loans Fundraising
  • $57,866,175
    Funds lent in using Kiva
  • 43.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Marlon to invest in expanding the business.
100% repaid
Repayment Term
4 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jan 21, 2011
Listed
Feb 10, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2011