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Merle-Lyn

Update on Merle-Lyn

Merle-lyn runs a water refilling business as an aid to her husband's income from employment as an overseas worker.

She has been in this business for more than six years, earning well to provide some of the needs of her three children. She had successfully repaid her previous loan, which was used for materials needed in her business. She was determined to improve her business to gain more returns from it.

She took a new loan recently, to buy more raw materials for water refilling.

In the future, Merle-lyn wants to have better living conditions for her entire family.

Previous Loan Details

Merle-lyn runs a water refilling business as an aid to her husband's income from employment as an overseas worker. She has been in this business for five years, earning well to provide some of the needs of her three children. She was determined to improve her business to gain more returns from it.… More from Merle-Lyn'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
  • 444
    View loans »
    Philippines Loans Fundraising
  • $50,987,450
    Funds lent in using Kiva
  • 43.5
    Philippines Pesos (PHP) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $700 helped Merle-Lyn to buy more raw materials for water refilling.
87% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 25, 2014
Listed
Jul 27, 2014
Currency Exchange Loss:
Possible