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Elenita

Update on Elenita

Elenita is from the village of Sto. Niño, Tukuran, Zamboanga del Sur. She is 37 years old, married, and has three school-aged children. To make a living, Elenita owns and operates a retail store selling daily use products in the local community. Elenita has been engaged in her business for five years and earns approximately 5,000 PHP per month from these activities.

In 2008, Elenita joined GDMPC, to gain access to financial services to help improve her living situation and ability to engage in business activities. Elenita is requesting a new loan of 17,000 PHP, to purchase feed, rice and corn grits to sell. She plans to use the additional revenue generated from the business to improve her family's general living conditions.

Previous Loan Details

Elenita C. is from the village of Sto. Niño, Tukuran, Zamboanga del Sur. She is 36 years old, married, and has three school-aged children. To make a living, Elenita owns and operates a retail store selling daily use products such as biscuits, candies, snack food, shampoo, soap and toothpaste in t... More from Elenita'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
  • 235
    View loans »
    Philippines Loans Fundraising
  • $53,065,125
    Funds lent in using Kiva
  • 43.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Elenita to purchase feed, rice and corn grits to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 26, 2013
Listed
Aug 8, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014