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Merarie
Merarie B. is from the village of Lower Tiparak, Tambulig, Zamboanga Del Sur. She is 40 years old. Merarie is married and has six school-aged children. To make a living, Merarie raises a variety of vegetables for sale. She has been engaged in her business for over six years and earns approximately 6,000 PHP a month.

In 2008, Merarie joined GDMPC to gain access to financial services to help improve her business and living situation. Merarie has successfully repaid a previous loan of 10,000 PHP from GDMPC. This previous loan was used to to purchase additional seeds, seedlings and young crops to raise. Merarie is requesting a new loan of 15,000 PHP, which will be used to purchase fertilizers such as manure. This will be the 11th loan taken out by Merarie 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, 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
  • 1499
    View loans »
    Philippines Loans Fundraising
  • $59,196,250
    Funds lent in using Kiva
  • 43.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Merarie to purchase fertilizers such as manure.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 7, 2011
Listed
Feb 11, 2011
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2011