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Alma

Update on Alma

Alma is married and lives in Aurora, Zamboanga Del Sur, with her family. Her husband is a government employee. She has operated a hog-raising business for many years to earn income in addition to her husband’s salary. She had her previous loan from GDMPC that she used to buy feed. Recently, she took out a loan to purchase feeding supplies. She hopes to improve and expand her business to generate more revenue for the family’s basic needs.

Previous Loan Details

Alma is married and a 44-year-old mother of five. She lives in Audora, Zamboanga Del Sur, with her family. Her husband is a government employee. She operates a hog-raising business. She has been doing this for many years, to earn income in addition to her husband’s salary. She took out a loan from… More from Alma'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
  • 469
    View loans »
    Philippines Loans Fundraising
  • $51,043,600
    Funds lent in using Kiva
  • 43.9
    Philippines Pesos (PHP) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $925 helped Alma to purchase feeding supplies.
44% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 27, 2014
Listed
Jun 2, 2014
Currency Exchange Loss:
Possible
This photo was used before for a previous loan for Alma. It was first posted on Kiva on Aug, 2013. Learn More