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Salvacion

Update on Salvacion

Salvacion is 47 years old, married, and has two children. She is from Mantik Tangub City.

Salvacion used her last loan to invest in the expansion of her business. She is now requesting a new loan of PHP 15,000 from Gata Daku Multi-Purpose Cooperative (GDMPC) to purchase more items to increase her product offerings.

She plans to expand her business and create additional income by having an outlet in their town and she hopes to save a portion of the income for the future of her children.

Previous Loan Details

Salvacion is 46 years old, married, and has two children. She is from Migcanaway, Tangub City. Salvacion used her last loan to invest in the expansion of her business. She is now requesting a new loan to purchase more items to increase her product offering. She hopes to be able to expand her bu... More from Salvacion'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
  • 1160
    View loans »
    Philippines Loans Fundraising
  • $57,777,750
    Funds lent in using Kiva
  • 43.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Salvacion to purchase more items to expand her product offerings.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 7, 2013
Listed
Jun 24, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014
This photo was used before for a previous loan for Salvacion. It was first posted on Kiva on Mar, 2012. Learn More