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Lydia

Update on Lydia

Lydia 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 Details

Lydia 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 »

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
  • 1395
    View loans »
    Philippines Loans Fundraising
  • $59,123,575
    Funds lent in using Kiva
  • 41.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Lydia to purchase rice and corn grits in addition to her working inventory capital.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 27, 2013
Listed
May 30, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014