Update on LoidaLoida is married with five children lives in Mialen, Clarin, Misamis Occidental. She has been farming for many years as their main source of income, while her husband makes a living as a part-time driver.
Loida has successfully repaid her previous loans from Gata Daku MPC which she used for the improvement of her farm. This month, she has borrowed a new loan of 20,000 PHP to buy fertilizer such as manure for her growing corn production. In the future, she hopes for a bountiful harvest and to expand her area of cultivation.
Previous Loan DetailsLoida is 31 years old and married with five grown children. She is from Mailen, Clarin. For the past five years, Loida has been farming bananas with the help of her children and she earns 6,000 PHP each month. She joined GDMPC in 2012. Loida is requesting a 17,500 PHP loan to purchase fertilize... More from Loida's previous loan »
About GDMPCGata 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.
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Success!! The loan was 100% repaid