A loan of $1,075 helped to invest in expanding the business.

Marlon's story

Marlon S. is from the village of Poblacion, 1 Clarin, Misamis Occidental. He is 44 years old. Marlon is married and has 4 school-aged children. To make a living, Marlon owns & operates a specialized retail store. The main source of income for the business comes from operating a mini-pharmacy selling different kinds of medicine in the local community. Marlon has been engaged in his business for over 1 year and earns approximately 20,000 PHP a month for these activities.

In 2009, Marlon joined GDMPC to gain access to financial services to help improve his living situation and ability to engage in business activities. Marlon has successfully repaid a previous loan of 60,000 PHP from GDMPC. Marlon is requesting a new loan of 50,000 PHP which will be used to invest in expanding the business. This will be the second loan taken out by Marlon from GDMPC. He plans to use the additional revenue generated from the business 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 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.

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