Update on CerilaCerila, who is 46 years old, is a married entrepreneur in Poblacion 4, Clarin, with five children. Aside from her transport services that was still running, she also owned and managed a grocery store earning 6,000 PHP monthly for five years for a living.To improve her business, she is borrowing PHP 22,000 from GDMPC micro-credit, which she just joined in 2011, to purchase canned goods, bottled products and noodles. In the future, she is very much hopeful of the possibility of expanding her business.
Previous Loan DetailsCerila, who is 46 years old, is a married entrepreneur of Poblacion 4, Clarin, with five children. She has a transport service business. It started almost two years ago, and she now earns PHP 6,000 a month. To improve business, she is borrowing PHP 20,500 from GDMPC micro-credit, which she… More from Cerila'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