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Erlinda

Update on Erlinda

Erlinda lives in Clarin, Misamis Occidental, with her family. Her husband is a farmer and she helped him operate their owned farm to make a living. She plants and harvests corn for sale. Her previous loan from GDMPC that was used in her farm was successfully repaid. Recently, she borrowed a loan of 12,500 PHP to purchase fertilizer and cover the costs of weeding maintenance. She had the determination to have an abundant harvest in return for her investments. She plans to use the profit generated from her farm to improve the general living conditions of her family.

Previous Loan Details

Erlinda is 64 years old and married with one child. She lives in Clarin, Misamis Occidental. She owns and operates a farm, planting and harvesting corn for sale in the local community. She has been in this business for over 15 years and earns 12,000 PHP every month. Erlinda joined GDMPC in… More from Erlinda'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
  • 269
    View loans »
    Philippines Loans Fundraising
  • $50,694,625
    Funds lent in using Kiva
  • 43.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Erlinda to purchase fertilizer and cover the costs of weeding maintenance.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 17, 2013
Listed
Oct 2, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014
This photo was used before for a previous loan for Erlinda. It was first posted on Kiva on Mar, 2013. Learn More