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Edna

Update on Edna

Edna, a 52-year-old married mother of five children, has made a living through the operation of a retail store, selling a variety of food and home-use products. She has been in this business for more than four years to make a living.

Her previous loan from GDMPC that was used in her business, was successfully repaid. She has borrowed a new loan of 7000 PHP to purchase additional grocery items, such as canned goods, soy sauce, cooking oil, noodles and sugar to sell. She plans to use the additional revenue generated from the loan as a reserve for future emergencies.

Previous Loan Details

For over 3 years in Labo, Ozamis City, Misamis Occidental, Edna, a 52-year-old married mother of five children, has made a living through the operation of a retail store selling a variety of food and home-use products. She earns 2,000 PHP a month from these activities. In 2007, Edna joined GDM... More from Edna'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

  • $7,000
    Average annual income
  • 1492
    View loans »
    Philippines Loans Fundraising
  • $59,107,075
    Funds lent in using Kiva
  • 43.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $175 helped Edna restock her general store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 20, 2013
Listed
Oct 5, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014