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Lina

Update on Lina

Lina is from Sapang Dalaga, Misamis Occidental. She is 35 years old and married with three children. Her husband works as a driver while she operates a retail store to make a living.

Her previous loan that she used to purchase goods to sell was successfully repaid, and her store is running profitably. Recently, she borrowed a loan of 30,000 PHP (Philippines pesos) to purchase livestock feeds, rice and milled corn for sale. She plans to use the profit generated from the business to improve the general living situation of her family.

Previous Loan Details

Lina is from Sapang Dalaga, Misamis Occidental. She is 33 years old. Lina is married and has three school-aged children. She owns and operates a retail store, selling a variety of different products and home products in the local community. Lina has been in her business for 3 years and earns appr... More from Lina'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
  • 1089
    View loans »
    Philippines Loans Fundraising
  • $54,720,425
    Funds lent in using Kiva
  • 43.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Lina to purchase livestock feeds, rice and milled corn for sale.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Sep 2, 2013
Listed
Sep 26, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014