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Leofe

Update on Leofe

Leofe is married, has three children and lives in Lapinig, Kapatagan, Lanao del Norte. To make a living, she runs a general store, selling a variety of food and home products to people in her local community. She has been in this business for more than three years and earns approximately PHP 4,000 per month. She supplements this income by buying lampakanay leaves, which she uses to make and weave rope to sell in town. She has successfully repaid a previous loan from GDMPC that she used to purchase additional products for her store, and another loan to buy more lampakanay leaves for rope binding. She plans to use the additional revenue generated by this loan to improve and expand her business.

Previous Loan Details

Leofe is from Lapinig, Kapatagan, Lanao del Norte. She is thirty-three years old. Leofe is married and has three children. To make a living, Leofe runs a general store, selling a variety of food and home products in the local community such as cigarettes, shampoo and laundry soap. Leofe ha... More from Leofe'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
  • 1437
    View loans »
    Philippines Loans Fundraising
  • $59,117,025
    Funds lent in using Kiva
  • 43.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Leofe to buy more lampakanay leaves for rope binding.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 6, 2013
Listed
Sep 18, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014