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Felisa

Update on Felisa

Felisa is from the village of Bangko, Pana-on, Misamis Occidental. She is 64 years old. Felisa is married and has 10 adult children. To make a living, she plants and harvests sugarcane to sell. She has been engaged in her business for over 5 years and earns approximately 1,500 PHP a month from these activities. She also has a new vegetable garden plot to earn additional income.

In 2011, Felisa joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. She is requesting a loan of 9,500 PHP, which will be used to pay for farm maintenance labor and to purchase fertilizers such as manure. She plans to use the additional revenue generated to improve and expand her business.

Previous Loan Details

Felisa J. is from the village of Bangko, Pana-on, Misamis Occidental. She is 63 years old. Felisa is married and has 10 adult children. To make a living, Felisa plants and harvests sugar cane for sale. She has been engaged in her business for over 5 years and earns approximately 1,500 PHP a month... More from Felisa'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
  • 1304
    View loans »
    Philippines Loans Fundraising
  • $56,526,750
    Funds lent in using Kiva
  • 43.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Felisa to pay for farm maintenance labor and to purchase fertilizers such as manure.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 26, 2013
Listed
Aug 7, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014