Update on Maria DyMaria Dy is from Maloro, Tangub City, Misamis Occidental. She is 43 years old, married and has two children.
To earn a living, Maria Dy owns and operates a bicycle transport service. (A bicycle is a bike with a passenger cab.) Maria Dy has been in this business for twenty years and earns approximately 10,000 PHP per month from these activities.
Maria Dy is requesting a loan in the amount of 15,000 PHP, which would be used to purchase another tricycle unit. In 2010, she joined GDMPC to gain access to financial services, which in turn helped her improve her business and her living situation. She plans to use the additional revenue generated from the loan to improve and expand her business.
Previous Loan DetailsMaria Dy is from Tangub City, Misamis Occidental. She is 42 years old. Maria Dy is married and has two children. To make a living, Maria Dy owns and operates a bicycle transport service. (A bicycle is a bike with a passenger cab.) Maria Dy has been in her business for two years and earns 3,000 PHP… More from Maria Dy'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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