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Lilia

Update on Lilia

Lilia is a 56-year-old resident of Sto. Niño, Tukuran. She provides for the needs of her 5 children with the little amount of 8,000 PHP she earns monthly from her fish vending business for 12 years. Her husband goes fishing to catch fresh fish and she will be the one to sell it in town to earn a living. She requests a loan from GDMPC micro credit in order to buy fishing nets. She plans to acquire another fishing boat to be use for business expansion.

Previous Loan Details

Lilia is a 55-year-old resident of Sto. Niño, Tukuran. She has provided the needs of her 5 children from the little amount of 8,000 PHP she has been earning monthly from her fish vending business for 12 years. Her business is an aid to the income earned by her husband who does fishing. However, t... More from Lilia'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
  • 1679
    View loans »
    Philippines Loans Fundraising
  • $58,968,050
    Funds lent in using Kiva
  • 43.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Lilia to buy fishing nets.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 8, 2013
Listed
Jul 14, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014