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Nikki

Update on Nikki

Nikki is 44 years old and she is from Tudela, Philippines. She is married and has one child.

To earn a living, Nikki runs a general store. She has been in this business for more than four years and earns approximately 4,600 PHP each month. Recently, Nikki has requested a new loan of 15,000 PHP, which she will use to buy rice and corn grits to sell.
Nikki joined GDMPC in 2010. She plans to use the additional revenue generated from this loan to save up a reserve for future emergencies.

Previous Loan Details

Nikki is 43 years old and she is from Tudela, Misamis Occidental. She is married and has one child. To earn a living, Nikki runs a general store. She has been in business for four years and earns approximately 4,600 PHP each month. Nikki is requesting a loan of 15,000 PHP, which she will u... More from Nikki'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

  • $7,000
    Average annual income
  • 1474
    View loans »
    Philippines Loans Fundraising
  • $59,389,700
    Funds lent in using Kiva
  • 43.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Nikki to purchase rice and corn grits to sell.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 11, 2013
Listed
Jul 3, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014