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Mercideta

Update on Mercideta

Mercideta is married and has three children. She is 33 years old and resides in Camanga, Tukuran, Philippines. Mercideta owns farm land and cultivates rice for a living. Her husband is a government employee serving in the BJMP department. She has been in this business for 10 years. Each month, she earns 25,000 PHP doing this type of business.

Mercideta requested a loan of 43,000 PHP to finance weeding costs and fertilizer. In 2011, she joined GDMPC. In the future, Mercideta wants to improve the general living conditions of her family.

Previous Loan Details

Mercideta is married and has three children. She is 33 years old and resides in Camanga, Tukuran, Philippines. Mercideta owns farm land and cultivates rice for a living. She has been in this business for 10 years. Each month, she earns 25,000 PHP doing this type of business. Mercideta requested a... More from Mercideta'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

  • $7,000
    Average annual income
  • 1404
    View loans »
    Philippines Loans Fundraising
  • $59,123,575
    Funds lent in using Kiva
  • 43.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Mercideta to finance weeding costs and fertilizer.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jul 26, 2013
Listed
Aug 24, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014