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Elena

Update on Elena

Elena is a single mother of one child. She is 49 years old and resides at San Carlos, Tukuran, Philippines. To earn a living, Elena has been growing rice to sell for more than 11 years. During harvest time, she becomes a dealer in rice also, buying rice from her fellow farmers to resell in town.

Recently, she requested a loan of PHP 40,000. She will use most of this amount to finance her rice purchases from fellow farmers. A portion of this loan will be used for weeding maintenance of her own farm.

In the future, Elena wants to make improvements to her house and improve the general living conditions of her family.

Previous Loan Details

Elena is a single mother of one child. She is 49 years old and resides at San Carlos, Tukuran, Philippines. Elena has grown rice for sale to earn a living for 11 years. Each month, she earns PHP 15,000 doing this type of business. She requested a loan of PHP 40,000 to purchase fertilizers such as... More from Elena'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
  • 981
    View loans »
    Philippines Loans Fundraising
  • $53,516,825
    Funds lent in using Kiva
  • 43.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Elena to finance her rice purchases from fellow farmers, and to have her own farm weeded.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jul 26, 2013
Listed
Aug 7, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014