Update on OlegariaOlegaria is a 50-year-old married mother with six children, who lives in Liposong, Ozamis City, the Philippines. To support her family's daily expenses, she has been running a grocery store for 15 years and currently earns 5,000 Philippines pesos (PHP) a month. Aside from this business, she also helps her husband plant and harvest corn on their farm, which is their main source of income.
In 2007, Olegaria joined GDMPC and she is now requesting a new loan of 8,000 PHP to buy fertilizer such as manure. She plans to use the additional revenue generated from the business to improve her family's general living conditions.
Previous Loan DetailsOlegaria is from Liposong, Ozamiz City. She is 49 years old and married with six children. To support their daily expenses, she runs a grocery store. Olegaria has been running this business for 15 years and earns 5,000 PHP a month. In 2007, Olegaria joined GDMPC. Olegaria is requesting a loan of ... More from Olegaria's previous loan »
About GDMPCGata 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.
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