Update on WilmaWilma and her husband operate their own farm for a living. She has been helping him for more than eleven years and they earn well for the family. She successfully repaid her previous loans used for their farm through her generated income. She had put up a capital for her retail store and made house improvements as she receive more income from her farm. She took a new loan recently to buy additional grocery goods to sell. In the future, Wilma wants to have a better life for the entire family.
Previous Loan DetailsWilma is married with two children and helps her husband operating their own farm for a living. She has been helping him for more than ten years and she earns well for the family. Recently she borrowed a new loan from GDMPC microcredit to replant bananas and for fertilization costs in order to... More from Wilma'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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