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Ruth

Update on Ruth

Ruth is 52 years old and lives in Jimenez, Misamis Occidental, Philippines. She is married with 1 child. Ruth used her last loan to purchase motorcycle tires and spare parts.

Her business grown and become successful. She's now involved in her other businesses. She's taking a new loan to purchase additional seeds, seedlings and young crops to raise. She hopes to be able to grow more of her business.

Previous Loan Details

Ruth is 52 years old and lives in Jimenez, Misamis Occidental, Philippines. She is married with one school-aged child. Ruth has a service-based business and earns approximately PHP 2,000 each month doing this type of work. She has a requested a loan of PHP 15,000 at GDMPC to purchase motorcy... More from Ruth'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

  • $7,000
    Average annual income
  • 1456
    View loans »
    Philippines Loans Fundraising
  • $59,151,425
    Funds lent in using Kiva
  • 42.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Ruth to purchase additional seeds, seedlings and young crops to raise.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 12, 2012
Listed
Jan 30, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2012