Update on ReymundaReymunda is married and has four children. She lives in Clarin, Misamis Occidental. She owns and operates a farm, cultivating bananas in the local community to earn a living. She also is engaged in a retail business.
In 2007, she joined Gata Daku MPC. She successfully repaid her previous loan, which she used to improve her farm. Now she has requested another loan, this time in the amount of 15,000 PHP. She will use it to purchase goods to sell at her store, including canned goods, sugar, rice and livestock feed. She plans to use the additional revenue generated from the business, to improve and expand her business.
Previous Loan DetailsReymunda is 56 years old and married with four children. She lives in Clarin, Misamis Occidental. She owns and operates a banana production in the local community to earn a living. She has been with her business for more than six years and earns 10,000 PHP every month. She has joined GDMPC in 200... More from Reymunda'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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Success!! The loan was 100% repaid