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Mildred

Update on Mildred

Mildred is 46 years old and has two children. She is from Aurora, Zamboanga del Sur, Philippines. For the past years of her married life, Mildred has been selling seafood in the marketplace. She deals with different people well and maintains good relationships with her fellow vendors and, most importantly, her customers. Mildred's family has other sources of income but selling seafood is the main cash provider for the family. She is a member of GDMPC and has received and repaid several previous loans from the organization.

Mildred is requesting a 50,000 PHP loan to acquire additional seafood products to sell. Her loan will improve her ability to engage in her business. As time goes by, Mildred aims to sustain and expand her business to increase her sales.

Previous Loan Details

Mildred is from Aurora, Zamboanga del Sur, Philippines. She is 45 years old and has two children. For the past 21 years of married life, she has been selling seafood in the marketplace and dealing with different people in a favorable manner. She maintains good relationships with her fellow vendors… More from Mildred'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
  • 370
    View loans »
    Philippines Loans Fundraising
  • $50,851,300
    Funds lent in using Kiva
  • 43.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Mildred to acquire seafood products to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 16, 2013
Listed
Aug 3, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014