Update on JenniferJennifer, of Calamba, Misamis Occidental, supports her family through nipa (hut weaving business). She is 20 years old, married with one child, and tries her best to earn on her own. For more than three years she has managed this business and earns about 4,000 PHP per month.
Currently, she needs additional capital to buy raw materials such as straw, nipa leaves and bamboo sticks. In 2012 she joined GDMPC and requests a loan of 7,000 PHP to cover the costs of her needs. Jennifer desires to improve her business to have a better, more comfortable living in the future.
Previous Loan DetailsJennifer, of Calamba, Misamis Occidental, supports her family through nipa (hut weaving business). She is 20 years old, married with one child, and tries her best to earn on her own. For 3 years she has managed this business and earns about 4,000 PHP per month. For the time being, she needs to… More from Jennifer'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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Success!! The loan was 100% repaid