Update on MarchieMarchie manages her own farm of rice while, at the same time, works in a private company to earn a living. She resides in her new house located in Lapasan, Clarin, Misamis Occidental. She had successfully repaid her previous loan that was used for farm inputs. Recently, she borrowed a new loan of 50,000 PHP to cover the costs of farm maintenance and fertilization. She is hopeful to gain a higher profit this season to use it for her house's improvement.
Previous Loan DetailsMarchie is 29 years old and married. She is living in Gata Daku, Clarin, Misamis Occidental, where her wide array of rice production is located. She normally receives PHP 6,000 a month. In 2010, Marchie joined GDMPC. She is requesting a loan of PHP 25,000 to purchase fertilizer such as manure to… More from Marchie'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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This loan has been fully funded!
- Repayment Term
- 31 months (Additional Information)
- Repayment Schedule
- Sep 6, 2013
- Sep 19, 2013
- Currency Exchange Loss:
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.