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Nerie

Update on Nerie

Nerie is married with one child. She is 53 years old and lives in Jimenez, Misamis Occidental,Philippines.

Nerie is a farmer and she also manages a copra (dried coconut) production business to earn a living. She has been doing this for years, and every month she earns 3,000 PHP from this work.

In 2005, she joined GDMPC to gain access to micro finance and is now requesting an amount of PHP 5,000 to pay for the post-harvest labor costs. In the future, Nerie plans to cultivate the farm land hopes to support her child finish a degree course.

Previous Loan Details

Nerie is married with one child. She is 53 years old and lives in the Philippines. Nerie is a farmer and she also manages a copra (dried coconut) producing business to earn a living. She has been doing this for three years, and every month she earns 3,000 PHP from this work. She has requested... More from Nerie'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

  • $7,000
    Average annual income
  • 1252
    View loans »
    Philippines Loans Fundraising
  • $57,883,475
    Funds lent in using Kiva
  • 42.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Nerie to pay for the post-harvest labor costs.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 30, 2013
Listed
May 30, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013