Update on MercilynMercilyn is a 42-year-old married woman with three children. She's from Carmen Annex, Ozamis City.
Mercilyn operates a service-based business, providing transportation services to her local community to earn a living. Mercilyn has been in this business for seven years. She earns 10,000 PHP (Philippines pesos) a month.
In 2006, Mercilyn joined GDMPC to gain access to financial services to help improve her living situation as well as her ability to engage in business activities. She is requesting a new loan of 53,500 PHP, which will be used to renew the motor registration and make additional payment for the new sidecar. She plans to use the additional revenue generated from the business to improve the general living conditions of her family.
Previous Loan DetailsMercilyn is a 41-year-old married woman with three children. She's from Carmen Annex, Ozamis City. Mercilyn operates a service-based business, providing transportation services to her local community members to earn a living. Mercilyn has been in this business for six years. She earns 4,000 P... More from Mercilyn'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