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Felina

Update on Felina

Felina is a widow with seven children. She is 62 years old and lives in Kinuman, Ozamis City.

To earn a living, Felina plants and harvests corn and bananas for sale. She's been in this business for 30 years, earning 10,000 PHP (Philippines pesos) a month. Now, she is requesting a loan of 11,000 PHP to purchase fertilizers such as manure. In the future, Felina wants to make improvements to her house and to have better living conditions for her family.

Previous Loan Details

Felina is widow with 7 children. She is 61 years old and lives in Balili, Kinuman, Ozamis City. To earn a living, Felina plants and harvests bananas for sale. She's been in this business for 30 years, and each month, she earns 10,000. She requested a loan of 15,000 to purchase fertilizers… More from Felina'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
  • 340
    View loans »
    Philippines Loans Fundraising
  • $52,130,550
    Funds lent in using Kiva
  • 42.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $275 helped Felina to purchase fertilizers such as manure.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 22, 2013
Listed
Jun 13, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013