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Agustina

Update on Agustina

To make a living, Agustina helps her husband operate their own rice farm. For many years, the couple has earned well and it helps her family a lot. Her previous loan used for farming was successfully repaid. Improving their lives becomes easier with their access to GDMPC microfinance, only if they work with determination and faith. To improve their farm, she took a new loan to purchase fertilizer.

She plans to expand her farm in order to generate more income for the family.

Previous Loan Details

To make a living, Agustina has been helping her husband operate their own rice farm. For many years, the couple has earned well and it helps her family a lot. She has successfully repaid her previous loan, which was used for farming costs. Her efforts and dedication to work make her able to send ... More from Agustina'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
  • 272
    View loans »
    Philippines Loans Fundraising
  • $52,821,850
    Funds lent in using Kiva
  • 43.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Agustina to purchase fertilizer to improve her farm.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 15, 2014
Listed
Aug 25, 2014
Currency Exchange Loss:
Possible
Ended:
Apr 3, 2015
This photo was used before for a previous loan for Agustina. It was first posted on Kiva on Feb, 2014. Learn More