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Vergie

Update on Vergie

Vergie, 52 years old, is from Nailon, Tudela, Misamis Occidental. She is married and has three children. For the past 15 years, Vergie has cultivated her farm, planting and harvesting vegetables for sale and earning 2,000 PHP monthly. In 2012, she joined GDMPC microcredit and is now requesting a loan of 5,000 PHP, which she will use to purchase seedlings and manure fertilizer. She plans to use the additional revenue generated from the loan to save as a reserve for the studies of her children.

Previous Loan Details

Vergie, 51 years old, is from Tudela, Misamis Occidental. She is married and has three children. For the past 15 years, Vergie has cultivated rice to sell, earning 2,000 PHP monthly. Vergie is requesting a loan of 3,000 PHP, which she will use to pay for the labor costs in rice harvesting. Vergie... More from Vergie'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
  • 253
    View loans »
    Philippines Loans Fundraising
  • $53,116,700
    Funds lent in using Kiva
  • 41.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Vergie to purchase seedlings and manure fertilizer.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 23, 2013
Listed
May 26, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013