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Roselyn

Update on Roselyn

Roselyn is from Canicapan, Clarin, Misamis Occidental. She is 34 years old and single.

To make a living, Roselyn is running a general store, selling a variety of food and home-use products in the local community. Roselyn has been in her business for five years and earns 1,845 PHP a month for these activities.

Roselyn is requesting a loan of 6,000 PHP, which will be used to purchase products like canned goods, noodles, sugar and coffee. In 2011, Roselyn joined GDMPC to gain access to financial services to help improve her business and living situation. She plans to use the additional revenue generated from the loan to save as a reserve for future emergencies.

Previous Loan Details

Roselyn is 33 years old and single. She is from the village of Canicapan, Clarin, Misamis Occidental. Roselyn owns and operates a food business, selling banana cue (caramelized, fried bananas) in the local community. She has been engaged in her business for over three years and earns approximate... More from Roselyn'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

  • $1175
    Average annual income
  • 342
    View loans »
    Philippines Loans Fundraising
  • $52,188,500
    Funds lent in using Kiva
  • 43.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $150 helped Roselyn to purchase products like canned goods, noodles, sugar and coffee to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 24, 2012
Listed
Jun 4, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012