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Erlinda

Update on Erlinda

Erlinda, a 46 years old living in Pangabuan, Tangub City with her three children. She manages her owned farm planting and harvesting different types of crops. Erlinda sells her products in the fruit markets. The income from her farm allows Erlinda to meet her big family's needs.

She decided to enlarge her fruit garden and to establish a new banana farm in her plot of land. For this purpose, she asks from GDMPC micro credit a loan of 30,000.00 PHP. This deal will help Erlinda to have a new banana farm and after few years, she hopes to receive a good harvest from her farm

Previous Loan Details

From Pangabuan, Tangub City, Erlinda is a 45-year-old widow with three children who help her in growing bananas. In business for five years, she earns PHP 10,000 a month.

This year, Erlinda joined GDMPC and is now requesting a loan of PHP 40,000 to purchase fertilizer and pay for weeding c... More from Erlinda'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
  • 420
    View loans »
    Philippines Loans Fundraising
  • $52,706,975
    Funds lent in using Kiva
  • 42.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Erlinda to purchase fertilizer and pay for weeding costs.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 4, 2013
Listed
Jun 23, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014
This photo was used before for a previous loan for Erlinda. It was first posted on Kiva on Sep, 2012. Learn More