Update on GenaraGenara is 59 years old and lives in Aurora, Zamboanga del Sur. She is married and blessed with six children. Her husband is a farmer. She established her own small business to help support her husband in generating income for the family. Genara works in the agricultural business, raising pigs to sell commercially. She has been active in this business for 27 years and has generated a good return to date. She earns about PHP 22,300.
Recently, she applied for a loan of PHP 40,000 to purchase livestock feed and other supplies. She hopes that in the near future, a portion of the income generated will be reinvested into the business for expansion.
Previous Loan DetailsGenara is 58 years old and lives in Aurora, Zamboanga del Sur. She is married and blessed with six children. Her husband is a farmer. She established her own small business to help support her husband in generating income for the family. Genara works in the agricultural business, raising pigs to ... More from Genara'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