Update on NenenciaNenencia is 49 years-old, married, and the mother of three children; she is from Carmen Annex, Ozamiz City. Nenencia has been in the business of making and selling ice cream in the local community for over 30 years, and she earns approximately PHP 8,000 a month.
Nenencia is requesting a new loan of 10,000 PHP to purchase ice cream ingredients such as cassava flour, sugar, fresh milk, flavor, food color, and salt.
In 2008, Nenencia joined GDMPC to gain access to financial services to help improve her living situation and her ability to engage in business activities. Nenencia plans to use the additional revenue generated from the business to improve the general living conditions of her family.
Previous Loan DetailsNenencia, a 49-year-old married mother of three grown children, is from Carmen Annex, Ozamiz City where for over 30 years she has been making and selling ice cream in the local community. She earns approximately 9,000 PHP a month. In 2008, Nenencia joined GDMPC to gain access to financial ser... More from Nenencia'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