Funded

Total loan: $575
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A loan of $575 helped to purchase additional products to sell.


Merilyn's story

Merilyn M. is from the village of Butuay, Jimenez, Misamis Occidental. She is 52 years old. Merilyn is married and has two adult children. To make a living, Merilyn runs a general store. The main source of income for the business comes from selling school products such as pencils, pens and notebooks. Merilyn has been engaged in her business for over 30 years and earns approximately 4,000 Philippines pesos (PHP) a month from it.

In 2008, Merilyn joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Merilyn has successfully repaid a previous loan of 15,000 PHP from GDMPC. This previous loan was used as additional capital for her business.

Merilyn is requesting a new loan of 25,000 PHP, which will be used to purchase additional products to sell. This will be the sixth loan taken out by Merilyn from GDMPC. She plans to use the additional revenue generated from the business to improve/expand her 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, 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: December 21, 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: December 21, 2010
Facilitated by Field Partner: Gata Daku Multi-purpose Cooperative (GDMPC)