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Ruth

Update on Ruth

Ruth is a 47-year-old resident of Sto. Niño, Tukuran. Ruth has provided for the needs of her three children from the little amount of 14,000 she has earned monthly from her Tupperware business over the years; this adds to the income earned by her husband.

In 2010, she became a member of GDMPC; she is applying for a loan from GDMPC micro finance for 55,000 PHP to buy more Tupperware items to sell.

Ruth wants to expand her business one day.

Previous Loan Details

Ruth is a 46-year-old resident of Sto. Niño, Tukuran. Ruth has provided her three children's needs from the little amount of 14,000 she has earned monthly from her Tupperware items business for 4 years as an aid to the income earned by her husband. However, in 2010 she became a member of GDMPC, a... More from Ruth'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
  • 1385
    View loans »
    Philippines Loans Fundraising
  • $56,530,925
    Funds lent in using Kiva
  • 43.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,275 helped Ruth to buy more Tupperware items to sell.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jun 5, 2013
Listed
Jun 30, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014