Update on ImeldaImelda is from Clarin, Misamis Occidental. She is 42-years-old, single.
To make a living, Imelda is running a general store, selling a variety of food and home products in the local community such as candies, cigarettes, shampoo, soaps, etc. Imelda has been engaged in her business for over 20 years and earns approximately 4,000 PHP a month for these activities.
Imelda is requesting a loan of 8,000 PHP, which will be used to purchase new items to expand her product offerings. In 2011, Imelda joined GDMPC to gain access to financial services to help improve her business and living situation. She plans to use the additional revenue generated from the loan to save as a reserve for future emergencies.
Previous Loan DetailsImelda is 41 years old, single and lives in Clarin, Misamis Occidental, Philippines, where she has earned a living for the last 10 years by running a retail store. She earns about PHP 3,000 a month, which allows her to meet her everyday expenses. Earlier this year, she joined GDMPC and is applying… More from Imelda's previous loan »
About GDMPCGata 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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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Success!! The loan was 100% repaid
- Repayment Term
- 8 months (Additional Information)
- Repayment Schedule
- Dec 13, 2011
- Dec 21, 2011
- Currency Exchange Loss:
- Jul 15, 2012
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.