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Alma

Update on Alma

Alma resides in Sto. Niño, Tukuran, Zamboanga del Sur, along with her family. Her husband is a fisherman and she is also engaged in a retail business to earn a living. She has successfully repaid her previous loan from GDMPC and recently borrowed a new loan to purchase livestock feed, rice, and dried fish to sell. These two loans with GDMPC, which helps members to improve its ability to engage business, help her to run a business. She is hopeful to have her business and her general living condition improve.

Previous Loan Details

Alma is from Sto. Niño, Tukuran, Zambaonga del Sur. She is 24 years old. Alma is married and has two children. To make a living, Alma runs a general store, selling a variety of food and home used products in the local community such as candies, cigarettes, shampoo, soaps and many other items.... More from Alma'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
  • 321
    View loans »
    Philippines Loans Fundraising
  • $52,716,825
    Funds lent in using Kiva
  • 43.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Alma to purchase livestock feed, rice, and dried fish to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 27, 2013
Listed
Sep 16, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014
This photo was used before for a previous loan for Alma. It was first posted on Kiva on Dec, 2011. Learn More