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Elenita

Update on Elenita

Elenita is from Malibangcao, Clarin, Misamis Occidental. She is 44 years old and married. Elenita owns and operates a farming business, planting and harvesting corn for sale. Elenita has been doing this for almost 20 years and earns 13,000 PHP a month from it.

In 2007, Elenita joined GDMPC to gain access to financial services to help improve her living situation and her ability to engage in business activities. She is requesting a loan of 20,000 PHP, which will be used to pay for the weeding maintenance of her farm. She plans to use the additional revenue generated from the business to improve her family's general living conditions.

Previous Loan Details

Elenita is from Clarin, Misamis Occidental. She is 44 years old and married. Elenita owns and operates a farming business, planting and harvesting corn for sale. Elenita has been in her business for six years and earns 18,000 Philippine pesos (PHP) a month from it. In 2007, Elenita joined GDMPC… More from Elenita'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
  • 291
    View loans »
    Philippines Loans Fundraising
  • $52,087,775
    Funds lent in using Kiva
  • 41.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Elenita to pay for the weeding maintenance of her farm.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 20, 2013
Listed
May 24, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2013