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Prudencia

Update on Prudencia

Prudencia is 58 years old and is from Panta-on, Ozamis City, Misamis Occidental. She is married and blessed with two children.

Prudencia is working as baker to help the family to earn a living. She has been in this business for years and earns about 5,000 PHP per month.

She also has a farm for planting and harvesting corn and root crops for sale. She has requested a loan in the amount of 5000.00 PHP to buy fertilizer.

Prudencia plans that the income generated from her loan will be invested back into the business and enable her to pay the balance amount of her motorcycle, which will be used for services and her business as well.

Previous Loan Details

Prudencia is 57 years old and is from Panta-on, Ozamis City, Misamis Occidental. She is married and blessed with two children. Prudencia is working as baker to help the family to earn a living. She has been in this business for 15 years and earns about 5,000 PHP per month. In 2007, Prudenc... More from Prudencia'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
  • 1238
    View loans »
    Philippines Loans Fundraising
  • $57,816,050
    Funds lent in using Kiva
  • 43.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Prudencia to buy fertilizer.
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