A loan of $550 helped to invest in expanding the business.

Margie's story

Margie C. makes a living planting and harvesting coconut for sale. She is 35 years old, married and has five school-aged children. They are from the village of Sebasi, Clarin, Misamis Occidental. Margie has been in her business for over 19 years and earns approximately 10,000 Philippine pesos (PHP) a month.

In 2000, Margie joined GDMPC to gain access to financial services to help improve her living conditions and enable her to engage in business activities. Margie has successfully repaid a previous loan of 20,000 PHP from GDMPC. She is requesting a new loan of 25,000 PHP which will be used to invest in expanding the business. This will be her fifth loan from GDMPC. She plans to use the additional revenue 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, fisherfolks 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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