A loan of $350 helped to purchase new equipment and tools to expand her business.


Merced's story

Merced is from Poblacion 2, Clarin, Misamis Occidental. She is 66-years-old, married, and has three school-aged children. To make a living, Merced cooks and sells food. While not the only means for generating revenue, the main source of income for the business comes primarily from preparing and selling cooked food for daily meals. Merced has been in her business for over 10 years and earns 10,000 PHP a month. In 2010, Merced joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Merced is requesting a loan of 14,500 PHP, which will be used to purchase new equipment and tools to expand her business. She plans to use the additional revenue generated from the business to improve the general living conditions of her family.



Loan details


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Loan details