Funded

Total loan: $275
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Marmie


A loan of $275 helped to repair existing vehicle for better service.


Marmie's story

Marmie R. is from the village of Mayor's Village, Lapasan Clarin, Misamis Occidental. She is 24 years old. Marmie is married and has 1 school-aged child. To make a living, Marmie owns & operates a business venture in the services sector operating transportation services. While not the only means for generating revenue, the main source of income for the business comes primarily from operating motor transport like motorcab services. Marmie has been engaged in her business for over 2 years and earns approximately 10,000 PHP a month for these activities.

In 2008, Marmie joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Marmie has successfully repaid a previous loan of 12,000 PHP from GDMPC. Marmie is requesting a new loan of 12,000 PHP, which will be used to repair the existing vehicle to provide better service. This loan will be the third loan taken out by Marmie 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 units 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.



Loan details

Loan length:

8 months
Repayment schedule: At end of term
Disbursed date: June 23, 2010
Facilitated by Field Partner: Gata Daku Multi-purpose Cooperative (GDMPC)

Lenders and lending teams



Loan details

Loan length:

8 months
Repayment schedule: At end of term
Disbursed date: June 23, 2010
Facilitated by Field Partner: Gata Daku Multi-purpose Cooperative (GDMPC)