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Merlinda

Update on Merlinda

Merlinda is from Migcanaway, Tangub City. She is 36 years old and married with two children. To make a living, she operates a buy-and-sell business selling fish in the market while her husband goes fishing. She has been engaged in her business for years and earns 8,000 PHP a month for this activity.

In 2008, Merlinda joined GDMPC. Merlinda is requesting a new loan of 20,000 PHP, which will be used to repair her existing pump boat. She plans to use the additional revenue generated from the business to improve the general living conditions of her family.

Previous Loan Details

Merlinda is from Migcanaway, Tangub City. She is 35 years old and married with two children. To make a living, she does fish vending while her husband does fishing. She has been engaged in her business for 11 years and earns 8,000 PHP (Philippines pesos) a month for this activity. In 2008, Me... More from Merlinda'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
  • 1248
    View loans »
    Philippines Loans Fundraising
  • $57,895,900
    Funds lent in using Kiva
  • 43.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Merlinda to repair her existing pump boat.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 18, 2013
Listed
Jul 29, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014
This photo was used before for a previous loan for Merlinda. It was first posted on Kiva on Jan, 2013. Learn More