Check out other loans that are currently fundraising!
Marilyn

Update on Marilyn

Marilyn is from Sto. Niño, Tukuran. She is 33 years old, married, and has two children. Her husband works as an OFW (overseas Filipino worker) to earn a living.

She helps her husband by providing beauty services to local community members. Marilyn offers hair cuts, hair coloring, hair relaxing and more. She has been in her business for more than two years and earns 10,000 PHP a month from these activities.

Marilyn joined GDMPC and she is requesting a new loan of 15,000 PHP to purchase materials needed to improve the services provided like shampoo and conditioner, treatments, styling gel and color. She hopes to improve and expand her business.

Previous Loan Details

Marilyn is from Sto. Niño, Tukuran. She is 32 years old and married with two children. To make a living, Marilyn provides beauty services to local community members. She has been in her business for two years and earns 10,000 PHP a month from these activities. This year, Marilyn joined GD... More from Marilyn'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
  • 1257
    View loans »
    Philippines Loans Fundraising
  • $57,866,175
    Funds lent in using Kiva
  • 43.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Marilyn to purchase materials needed in her beauty salon. to buy materials needed like hair medicine shampoo and conditioner, treatment,styling gel and color .
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 23, 2013
Listed
Aug 3, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014