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Merced
Merced is from Poblacion 2, Clarin, Misamis Occidental. She is 66-years-old, married, and has three school-aged children. To make a living, Merced cooks and sells food. While not the only means for generating revenue, the main source of income for the business comes primarily from preparing and selling cooked food for daily meals. Merced has been in her business for over 10 years and earns 10,000 PHP a month.

In 2010, Merced joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Merced is requesting a loan of 14,500 PHP, which will be used to purchase new equipment and tools to expand her business. She plans to use the additional revenue generated from the business to improve the general living conditions of her family.

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
  • 1440
    View loans »
    Philippines Loans Fundraising
  • $59,148,800
    Funds lent in using Kiva
  • 43.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Merced to purchase new equipment and tools to expand her business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 15, 2011
Listed
Dec 22, 2011
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2012