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Rita

Update on Rita

Rita is from Seti, Jimenez, Misamis, Occidental. She is 46 years old and married with one child. To make a living, Rita owns and operates a general store. Rita has been engaged in her business for more than five years and earns 3,000 PHP a month. In 2010, Rita joined GDMPC. Rita is requesting a new loan of 5,000 PHP to buy rice and corn grits for sale in addition to her groceries. She hopes to gain more income for the better future of his only child.

Previous Loan Details

Rita is from Seti, Jimenez, Misamis Occidental. She is 45 years old and married with one child. To make a living, Rita owns and operates a general store. Rita has been engaged in her business for 5 years and earns 3,000 PHP a month for these activities. In 2010, Rita joined GDMPC. Rita is request... More from Rita'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
  • 226
    View loans »
    Philippines Loans Fundraising
  • $53,045,000
    Funds lent in using Kiva
  • 43.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Rita to buy rice and corn grits for sale.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jul 10, 2013
Listed
Jul 3, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014