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Marife

Update on Marife

Marife resides at Sebasi, Clarin in Misamis Occidental with her family. Her husband is a farmer, while she runs a retail business to earn a living.

Her previous loan was used for her business, and it was successfully repaid. Recently, she needs financial support for their corn production. She has borrowed PHP 12,000 to purchase fertilizer and cover the labor costs of plowing their farm.

She is hopeful that she gains more profit from their farm and from her business as well.

Previous Loan Details

Marife is 40 years old, married, with two children. She lives in Clarin, Misamis Occidental. To earn a living, she owns and operates a retail business in the local community. She has been in her business for over seven years and earns PHP 10,000 every month. Marife joined Gata Daku Multi-Purp... More from Marife'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

  • $1175
    Average annual income
  • 289
    View loans »
    Philippines Loans Fundraising
  • $52,849,775
    Funds lent in using Kiva
  • 43.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $275 helped Marife to purchase fertilizer and cover the labor costs of plowing her farm.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 13, 2013
Listed
Sep 24, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014