Update on LydiaLydia is from Aurora, Zamboanga Del Sur, Philippines. She is 46 years old and married. Lydia has only three grown dependents. Lydia owns and operates a retail store buying and selling charcoal.
Lydia has been able to manage the specialized retail store well and she has been in this business for about four years. Each month she earns PHP 12000 from her business undertakings.
Prior to this loan, Lydia applied for a loan for the purpose of purchasing new items to expand her business and it really worked.
Presently, Lydia joined GDMPC to have access to financial services. She is requesting a loan of the amount of PHP 25000 to purchase additional charcoal to sell. Charcoal is used for cooking.
Lydia's profit gain will help to sustain further the business and sell more charcoal to increase the income obtained.
Previous Loan DetailsLydia is from Balintawak, Aurora, Zamboanga del Sur. She is 45 years old. Lydia is married and has three children. To make a living, Lydia is running a general store selling a variety of food and home products in the local community such as candies, cigarettes, shampoo, soaps and many more. ... More from Lydia'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