Update on MariaMaria is 51 years old and has two children. She lives in Laperian, Tukuran, Zamboanga del Norte, Philippines.
Maria owns and operates a business venture, selling a variety of used shoes to earn a living. She has been in this business for seven years. Each month, she earns 12,000 PHP (Philippines pesos) doing this type of business. She requested a loan of 15,000 PHP to purchase new items to expand her product offerings.
In 2010, Maria joined GDMPC to gain access to financial services to help improve her business and living situation. She hopes to improve her business to have better living conditions in the future.
Previous Loan DetailsMaria is 50 years old and has two children. She lives in Laperian, Tukuran, Zamboanga del Norte, Philippines. Maria owns and operates a business venture, selling a variety of shoes to earn a living. She has been in this business for six years. Each month, she earns PHP 12,000 doing this type ... More from Maria'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