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Charita

Update on Charita

Charita, 42, is married with two children and lives in Canibungan Daku, Clarin, Misamis Occidental, Philippines. Charita owns and operates a plot of farm land, planting coconuts and corn to earn a living. She requests a loan of 12,500 PHP from GDMPC to purchase fertilizer such as manure and to finance the farm weeding costs. In the future, she hopes to improve the general living conditions of her family.

Previous Loan Details

Charita, 41, is married with two children and lives in Canibungan Daku, Clarin, Misamis Occidental, Philippines. For six years, Charita has owned and operated a plot of farm land, planting coconuts to earn a living. She earns 8,000 PHP each month. Charita requested a loan of 9,500 PHP to purc... More from Charita'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
  • 1301
    View loans »
    Philippines Loans Fundraising
  • $57,936,400
    Funds lent in using Kiva
  • 43.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Charita to purchase fertilizer such as manure and to finance the farm weeding costs.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 28, 2013
Listed
Jul 7, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014