- PhilippinesManufacturingFunding via Alalay sa Kaunlaran, Inc. (ASKI)
- PhilippinesManufacturingFunding via Community Economic Ventures, Inc. (CEVI), a partner of VisionFund International
- PhilippinesConstructionFunding via Center for Community Transformation Credit Cooperative, a partner of HOPE International
Update on VirginiaVirginia is 51 years old. She is from Sinacaban, Misamis Occidental, Philippines. She is separated and has 13 children. Virginia used her last loan to purchase motor accessories and supplies needed to expand the seating capacity on her motor transport. Her transport business is successful, and she's now taking a new loan for her other business, to purchase tools and equipment to expand the business. In the future she hopes to be able to grow her business.
Previous Loan DetailsVirginia is 50 years old. She is from Sinacaban, Misamis Occidental, Philippines. She is now separated from her husband and is so blessed to have 13 adult children -- quite a big family. She has been engaged in this motor transport activity for three years already, not to mention the other means ... More from Virginia'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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Success!! The loan was 100% repaid