Funded

Total loan: $225
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A loan of $225 helped to invest in expanding the business.


Melrose's story

Melrose S. is from the village of Poblacion 4, Clarin, Misamis Occidental. He is 34 years old. Melrose is married and has one school-aged child. To make a living, Melrose owns and operates a business venture raising fish. The main source of income for the business comes from raising fish for sale. Melrose has been engaged in his business for over 10 years and earns approximately 3,000 PHP a month for these activities.

In 2007, Melrose joined GDMPC to gain access to financial services to help improve his living situation and ability to engage in business activities. Melrose is requesting a new loan of 10,000 PHP which will be used to invest in expanding the business. This will be the second loan taken out by Melrose from GDMPC. He plans to use the additional revenue generated from the business to improve/expand his business.

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.



Loan details

Loan length:

8 months
Disbursed date: August 4, 2009
Facilitated by Field Partner: Gata Daku Multi-purpose Cooperative (GDMPC)

Lenders and lending teams



Loan details

Loan length:

8 months
Disbursed date: August 4, 2009
Facilitated by Field Partner: Gata Daku Multi-purpose Cooperative (GDMPC)