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Nomer

Update on Nomer

Nomer, aged 45, is married and lives in Mitugas, Tudela, Misamis Occidental. He owns and operates a plot of farmland, planting and harvesting bananas, root crops and vegetables to earn a living. Nomer has been in this business for years and earns 7,000 PHP each month.

Recently, he has requested a loan of 10,000 PHP to purchase fertilizer and an additional variety of vegetables to raise. He hopes that with his farming, he will be able to renovate their house and generate more income to support their basic needs.

Previous Loan Details

Nomer, aged 44, is married and lives in Mitugas, Tudela, Misamis Occidental. He owns and operates a plot of farmland, planting bananas to earn a living. Nomer has been in this business for 25 years and earns 7,000 PHP each month. He has requested a loan of 10,000 PHP to purchase farm chemicals. N... More from Nomer'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
  • 426
    View loans »
    Philippines Loans Fundraising
  • $52,684,250
    Funds lent in using Kiva
  • 42.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Nomer to purchase fertilizer and an additional variety of vegetables to raise.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 24, 2013
Listed
May 30, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014