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Marlyn

Update on Marlyn

Marlyn is the stockholder of Avon products in her area. She has been doing this for more than ten years and earning well for her family. She was able to support her children and successfully repay her previous loan from GDMPC, which she used in her business. Recently, she borrowed a new loan from GDMPC to purchase more cosmetics products to resell. She is always finding ways to improve her business in order to offer livelihood activities to her friends and neighbours. She wants to see her children become successful in the near future.

Previous Loan Details

Marlyn is 46 years old and married with five children. She lives in La Victoria, Aurora, Zamboanga del Sur. She is currently doing business with Avon, and she is the stockholder of the area. After joining GDMPC last year, she gained access to micro finance and recently borrowed PHP 50,000.00 ... More from Marlyn'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.

Tags

About Philippines

  • $1175
    Average annual income
  • 1155
    View loans »
    Philippines Loans Fundraising
  • $54,862,550
    Funds lent in using Kiva
  • 44.8
    Philippines Pesos (PHP) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,350 helped Marlyn to purchase more cosmetics products to resell.
88% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 12, 2013
Listed
Jan 6, 2014
Currency Exchange Loss:
Possible