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Acquilina

Update on Acquilina

Acquilina is from Dinas, Sinacaban. She is 60 years old, widowed, and has four children.

For more than 20 years, to make a living, Acquilina has cultivated coconuts, bananas, and fruits for sale. She earns PHP 3,500 a month for these activities.

In 2010, Acquilina joined Gata Daku Multi-Purpose Cooperative (GDMPC). Recently, she requested a loan of PHP 12,000, which will be used to buy fertilizer, such as manure, and to pay for weeding costs. She plans to use the additional revenue generated from the business to improve and expand her business.

Previous Loan Details

Acquilina is from Dinas, Sinacaban. She is 59 years old. Acquilina is widowed and has four children. To make a living, Acquilina has cultivated coconuts for sale for 20 years and earns 3,500 a month for these activities. In 2010, Acquilina joined GDMPC. Acquilina is requesting a loan of 12,000,… More from Acquilina'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
  • 215
    View loans »
    Philippines Loans Fundraising
  • $52,023,300
    Funds lent in using Kiva
  • 43.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Acquilina to buy fertilizer, such as manure, and to pay for weeding costs.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 25, 2013
Listed
Jul 3, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014