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Rebecca

Update on Rebecca

Rebecca of Poblacion IV, Clarin, Misamis Occidental, is a 50-year-old mom with three adult children. For a living she worked as a teacher. Aside from this, she operates a service-based business providing a motorcycle for rent. The rental of her motorcycle helps them pay their monthly bills and other expenses.

She borrowed a loan of 10,500 PHP from GDMPC micro credit to acquire licenses for her transportation business. She plans to expand her business in order to generate more income for the entire family.

Previous Loan Details

Rebecca, 49-years-old, is a married entrepreneur from Poblacion-4, Clarin with 3 children. She is earning from her transport service business. It was started almost 5 years ago now and she earns 6,000 PHP a month. To improve business, she borrowed the amount of 9,500 PHP from GDMPC microcredit,… More from Rebecca'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
  • 455
    View loans »
    Philippines Loans Fundraising
  • $51,043,600
    Funds lent in using Kiva
  • 43.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Rebecca to acquire licenses for her transportation business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 11, 2013
Listed
Jun 27, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014