Update on ClaritaClarita, a 54-year-old mother of four, lives in Nacional, Jimenez, Misamis Occidental. Her husband operates their farm, which is the main source of income for the family. Clarita helps him to manage their garden of eggplants and sell it in town to make a living. They have been doing in their farm since they got married and Clarita has been engaged her garden for years.
Clarita successfully repaid her previous loans. She took a new loan of 15,000 PHP from Gata Daku MPC to cover the cost of farm weeding maintenance and to buy fertilizer to get an abundant harvest. She plans to cultivate all of the vacant lot on their land to generate more revenue and able to save for the better future of the family.
Previous Loan DetailsClarita C. is from the village of Nacional, Jimenez, Misamis Occidental. Clarita is 53 years old and married with 4 adult-aged children. To make a living, Clarita plants and harvests mangoes to sell. Clarita has been engaged in her business for over 5 years and earns approximately 1,500 PHP a month… More from Clarita'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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