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Maylinda

Update on Maylinda

Maylinda is 31 years old, is married and has five children. She is from Jimenez, Misamis Occidental, Philippines. Maylinda used her last loan to purchase lumber facilities to update her service offerings. Her business has grown and become successful. Now she's taking a new loan to purchase raw materials to manufacture additional products. Positively, she hopes to be able to increase her business.

Previous Loan Details

Maylinda is 30 years old and married. She is from Jimenez, Misamis Occidental, Philippines. She has lovingly and patiently taken good care of her 5 school-aged children. Maylinda, together with her husband, has been selling lumber for 5 years. The couple is gradually acquiring business related fa... More from Maylinda's previous loan »

Additional Information

About GDMPC

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.

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.

About Philippines

  • $7,000
    Average annual income
  • 1296
    View loans »
    Philippines Loans Fundraising
  • $57,926,225
    Funds lent in using Kiva
  • 43.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Maylinda to purchase raw materials to manufacture additional products.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 24, 2012
Listed
Jun 5, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013