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Resma

Update on Resma

Resma is from Lupagan, Clarin, MIsamis Occidental where she operates and owns a farm to make a living. Her husband is also earning income from operating a vehicle. They both work together in order to support the needs of her three children.

Resma successfully repaid her previous loan from Gata Daku Multi-Purpose Cooperative (GDMPC) that was used to improve their farm.

They planned to cultivate the adjacent farm, so without hesitation, Resma borrowed a new loan of PHP 15,000 to finance the costs of plowing and fertilizing her farm.

She wants to save the profit for the future education of her children.

Previous Loan Details

Resma B. is from the village of Lupagan Clarin, Misamis Occidental. She is 37 years old. Resma is married and has 3 school-aged children. To make a living, Resma owns & operates a business of planting and harvesting rice for sale. Resma has been engaged in her business for over 1 year and earns… More from Resma'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
  • 400
    View loans »
    Philippines Loans Fundraising
  • $52,107,225
    Funds lent in using Kiva
  • 43.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Resma to pay for the labor costs of farm maintenance and to purchase fertilizer, such as manure.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Aug 22, 2013
Listed
Sep 27, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014