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Lolita

Update on Lolita

Lolita is a 45-year-old married woman and a mother of three children in Kapatagan, Lanao del Norte. Aside from fishing, she also has had a store selling goods in their village. She would like to borrow a loan of 30,000 PHP to purchase fingerlings to raise.

She hopes to harvest abundantly to gain income for the better future of the family.

Previous Loan Details

Lolita is from Taguitic, Kapatagan. She is 44 years old and married, with three children. To make a living, Lolita buys and sells crabs and shrimp. She has been engaged in her business for six years and earns PHP 20,000 a month for these activities. In 2011, Lolita joined GDMPC. Lolita i... More from Lolita'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.

Tags

About Philippines

  • $1175
    Average annual income
  • 1519
    View loans »
    Philippines Loans Fundraising
  • $56,687,475
    Funds lent in using Kiva
  • 43.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Lolita to purchase fingerlings to raise.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 9, 2013
Listed
Jul 14, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014