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Oldalia

Update on Oldalia

Oldalia lives in Segatic Daku, Clarin with her family. She is 38 years old and has five children. To make a living, Oldalia owns and operates a charcoal sales business venture, earning 10,000 PHP a month from these activities. In 2010, Oldalia joined GDMPC. Oldalia successfully repaid her previous loan that she used to add to her working capital.

Recently, she requested a loan of 32,000 PHP to purchase more coconut shells and charcoal products from adjacent barangay (villages) to resell. She plans to use the additional revenue generated from the business to improve the general living conditions of her family.

Previous Loan Details

Oldalia is from Segatic Daku, Clarin. She is 38 years old. Oldalia is married and has 5 children. To make a living, Oldalia owns and operates a charcoal sales business venture. Oldalia has been engaged in her business for 5 years and earns 10,000 PHP a month from these activities. In 2010, Oldalia… More from Oldalia'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

  • $1175
    Average annual income
  • 230
    View loans »
    Philippines Loans Fundraising
  • $50,652,325
    Funds lent in using Kiva
  • 44.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Oldalia to purchase more coconut shells and charcoal products from adjacent barangay (villages) to resell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 23, 2013
Listed
Sep 1, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014
This photo was used before for a previous loan for Oldalia. It was first posted on Kiva on Aug, 2012. Learn More