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Lelanie

Update on Lelanie

Lelanie sells motor spare parts and accessories to earn a living. She has been running her business in her local community for more than seven years. She earns a sustainable income. She lives with her family in Tukuran, Zamboanga del Sur.

Lelanie repaid her previous loan successfully. It was used to replenish her inventory of spare parts and accessories. She requested a new loan to purchase new items to expand her product offering.

She plans to use the additional revenue generated from the business to improve the general living conditions of her family.

Previous Loan Details

Lelanie is 55 years old and married with 4 children. She lives in Tukuran, Zamboanga Del Sur. She owns and operates a retail business, selling motor spare parts and accessories in the local community to earn a living. She has been in her business for over 5 years and earns about 15,000 PHP every ... More from Lelanie'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

  • $7,000
    Average annual income
  • 1246
    View loans »
    Philippines Loans Fundraising
  • $57,844,575
    Funds lent in using Kiva
  • 43.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Lelanie to purchase new items to expand her product offering.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jun 24, 2014
Listed
Jul 22, 2014
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2015