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Vilma

Update on Vilma

Vilma is 38 years old. She is single and has one child. She is living in Kinuman Sur, Ozamiz City. To make a living, Vilma grows bananas to sell. She also plants corn for sale and for the family's consumption. Vilma is requesting a loan of 7,000 PHP, which she will use to obtain farm fertilizers. She plans to use the additional revenue generated to improve the general living conditions of her family.

Previous Loan Details

Vilma is 37 years old, single with 1 child, and is living in Kinuman Sur, Ozamiz City. To make a living, Vilma grows bananas to sell, which she has been doing for 3 years. She earns 2,500 PHP a month. Vilma is requesting a loan of 5,000 PHP, which she will use to obtain farm fertilizers. Vilma jo... More from Vilma'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
  • 1266
    View loans »
    Philippines Loans Fundraising
  • $57,895,900
    Funds lent in using Kiva
  • 41.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $175 helped Vilma to obtain farm fertilizers.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 31, 2013
Listed
Jun 7, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013