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Myrna

Update on Myrna

Myrna is from Campo 4, Ramon Magsaysay Zamboanga Del Sur. She is 54 years old. Myrna is married and has four school-aged children.

To make a living, Myrna plants and harvests rice for sale. Myrna has been engaged in her business for more than nine years and earns approximately 13,000 PHP a month for these activities.

Prior to this loan Myrna had a loan in the amount of 40,000 PHP to purchase fertilizer such as manure. This money has been used and the rice matured and harvested. Myrna has been able to pay her obligations at GDMPC. Now for the next crop she needs fertilizer again because she has additional areas of her rice farm to cultivate. She needs fertilizer for it.

Without a doubt, Myrna joined GDMPC to gain access to financial services to help improve her living situation and to have the ability to engage in business activities. Myrna is requesting a new loan of 35,000 PHP, which will be used to purchase fertilizers such as manure. She plans to use the additional revenue generated from the business to improve the general living conditions of her family and buy another area of rice farm.

Previous Loan Details

Myrna is from Campo 4, Ramon Magsaysay Zamboanga Del Sur. She is 54 years old. Myrna is married and has 4 school-aged children. To make a living, Myrna owns & operates a business of planting and harvesting rice for sale. Myrna has been engaged in her business for over 8 years and earns approx... More from Myrna'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

  • $1175
    Average annual income
  • 359
    View loans »
    Philippines Loans Fundraising
  • $52,140,475
    Funds lent in using Kiva
  • 42.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Myrna to purchase fertilizer such as manure.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 26, 2012
Listed
Jun 29, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013