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Narcisa

Update on Narcisa

Narcisa is married and blessed with two children. She is 49 years old and lives at Campo 1, Aurora, Zamboanga del Sur, Philippines. Narcisa owns and operates a specialized retail store selling jewelry. She has been in this business for four years. Each month, she earns 13,200 PHP. She has requested a loan of 40,000 PHP to purchase additional jewelry and accessories to sell.

Narcisa successfully repaid her previous loan. She extends her utmost thanks to the people who helped her. Now, she is requesting another loan to invest in her existing business to acquire more jewelry to sell and to increase her return. She hopes that her business will prosper with good inflows.

Previous Loan Details

Narcisa is a married woman who has two children. Narcisa is 49 years old and lives at Campo 1, Aurora, Zamboanga del Sur, Philippines. Narcisa owns and operates a business selling jewelry. She has been in this business for four years. Each month, she earns 3,000 PHP. She requested a loan of 8,000... More from Narcisa'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
  • 1129
    View loans »
    Philippines Loans Fundraising
  • $54,578,425
    Funds lent in using Kiva
  • 42.3
    Philippines Pesos (PHP) = $1 USD
Expired
A loan of $950 helped Narcisa to purchase jewelry and accessories to sell.
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 20, 2012
Listed
Jun 29, 2012
Currency Exchange Loss:
Possible
Expired:
Jul 29, 2012