Mercilyn S. is from Carmen Annex, Ozamiz City. She is 40 years old. Mercilyn is widowed and has 3 school-aged children. To make a living, Mercilyn owns & operates a general store. While not the only means for generating revenue, the main source of income for the business comes from selling a variety of daily use products such as sugar, coffee, milk, soap, canned good, 'pancit' (noodles), instant noodles and spices to the community. Mercilyn has been engaged in her business for over 9 years and earns approximately 10,000 PHP a month for these activities.
In 2010, Mercilyn joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Mercilyn has successfully repaid her previous loan of 10,000 PHP from GDMPC. Mercilyn is requesting a new loan of 15,000 PHP which will be used to purchase additional products to sell. This will be the fourth loan taken out by Mercilyn from GDMPC. She plans to use the additional revenue generated from the business to improve the general living conditions of her family.
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.
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.