Update on EmilyEmily's husband is a farmer and she helped him working in their own farm to make a living. Her previous loans from GDMPC were used for farming and she has successfully repaid them with her generated revenue. Assuring to have a better source of income for the family, she took a new loan again to purchase fertilizer such as manure. Manure helps to restore farm nutrients that brings better farm produce. In her determination to see her children be successful, she hopes to gain more income from her farm to save a portion for their future education.
Previous Loan DetailsEmily of Bangko, Pana-on, Misamis Occidental, is married with two children. Her husband is a farmer and she helps him operate their farm to make a living. Emily joined Gata Daku MPC in 2008 and has successfully repaid her previous loans. She has taken out a new loan to purchase fertilizer such… More from Emily's previous loan »
About GDMPCGata 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.
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