Update on CheryChery is from Kinuman Norte, Ozamiz City. She is 27 years old and married with two children. Her husband is a carpenter. To help him, Chery cultivates and sells bananas. She requests a loan of 4,000 PHP, which will be used to purchase fertilizer to use in growing bananas.
She plans to use the additional revenue generated from the business to improve her family's general living conditions.
Previous Loan DetailsChery is from Kinuman Norte, Ozamiz City. She is 26 years old, married, with 2 children. To make a living, Chery cultivates bananas for sale. Chery been been in her business for 5 years, and earns 3,000 PHP a month from this. In 2010, Chery joined GDMPC. She is requesting a loan of 4,000… More from Chery'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