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Monica

Update on Monica

Monica, age 50, raises, breeds, and sells pigs to earn an income. She is married and lives in Labuyo, Tangub City, Misamis Occidental.

Monica joined GDMPC in 2009 in order to gain access to financial services. Her goal was to help improve her living situation and increase her ability to engage in business activities.

She is presently requesting a loan of PhP 18,000 to buy more piglets to raise and sell.

In the future, Monica plans to improve the general living conditions of her family.

Previous Loan Details

Monica is 49 years old and married. She is from Labuyo, Tangub City, Misamis Occidental. To make a living, Monica raises and breeds pigs to sell. Monica has been engaged in her business for more than 10 years and earns approximately 3,000 PHP a month. Monica joined GDMPC in 2009 to gain acces... More from Monica'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
  • 1282
    View loans »
    Philippines Loans Fundraising
  • $56,280,875
    Funds lent in using Kiva
  • 43.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Monica to buy piglets.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 27, 2013
Listed
Jul 8, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014