Update on MarcelinaMarcelina is running her business selling fish in the community of Clarin, Misamis Occidental where her family resides. She has been in this business for more than six years. Marcelina joined GDMPC in 2010 and she successfully repaid her previous loan that she used to purchase fish.
Marcelina is requesting a 15,000 PHP loan to purchase more variety of fish and other seafood to sell. She is determined to improve her business and gain income. Marcelina plans to use her additional profit to improve the general living situation of her family.
Previous Loan DetailsMarcelina is 54 years old, widowed, and has one child. She lives in Clarin, Misamis Occidental. She owns and operates a business selling fish in the local community to earn a living. She has been in her business for over six years and earns 10,000 PHP every month. She joined GDMPC in year 2010 and… More from Marcelina'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