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Imelda

Update on Imelda

Imelda owns and operates a business producing copra (dried coconut meat) to earn a living. She helps her husband to grow and harvest coconut and to sell copra in town. With the income generated from her farm, her previous loan used for the copra business was successfully repaid.

Imelda also sells woven nipa to earn an extra income. Recently, she took a new loan from GDMPC micro credit to purchase fertilizer, such as manure, to help harvest more produce.

In the future, she wants to make improvements to her house and to improve the general living conditions of her family.

Previous Loan Details

Imelda is 48 years old and is married with two children. She lives in Clarin, Misamis Occidental. She owns and operates a business producing copra (dried coconut meat) to earn a living. She joined GDMPC in the year 2007, and now she has requested a loan of 4,000 PHP to purchase copra material... More from Imelda'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
  • 1165
    View loans »
    Philippines Loans Fundraising
  • $54,828,800
    Funds lent in using Kiva
  • 43.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Imelda to purchase fertilizer such as manure.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 21, 2014
Listed
May 27, 2014
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014
This photo was used before for a previous loan for Imelda. It was first posted on Kiva on May, 2013. Learn More