Update on LydiaLydia is from Aurora, Zamboanga Del Sur, Philippines. She is 47 years old and married. Lydia has four grown children. Lydia owns and operates a retail store buying and selling charcoal.
Lydia has been able to manage the specialized retail store well and she has been in this business for about five years. Each month she earns PHP 12,000 from her business undertakings. Now, She is requesting an amount of PHP 25,000 to purchase rice and corn grits in addition to her working inventory capital.
Lydia plans to use her newly generated revenue from the business to add to her working capital to expand her business.
In the future, she wants to renovate her house to improve the living conditions for the entire family.
Previous Loan DetailsLydia is from Aurora, Zamboanga Del Sur, Philippines. She is 46 years old and married. Lydia has only three grown dependents. Lydia owns and operates a retail store buying and selling charcoal. Lydia has been able to manage the specialized retail store well and she has been in this business f... More from Lydia'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