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Nena

Update on Nena

Nena is from the village of Lapasan, Clarin. She has owned and operated a transportation service business for more than five years to make a living. Her tenant transports passengers and their baggage to their respective places. She plans to have a new unit to expand her business and to be prepared for the future of her only child. In 2007, Nena joined GDMPC and received a loan that she used to buy spare parts and accessories for her pedicabs. She successfully repaid the loan. She has requested a new loan of 6,000 PHP to buy motorcycle tires and helmets. She hopes to expand her business and be able to improve the living situation of her family.

Previous Loan Details

Nena is 48 years old, a widow and has 3 kids. She is from Mayor's Village, Lapasan, Clarin. She has owned and operated a transport service business for 5 years and earns 3,000 PHP a month. In 2007, Nena joined GDMPC. She has requested a loan of 7,000 PHP to purchase vehicle spare parts and acc... More from Nena'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
  • 1282
    View loans »
    Philippines Loans Fundraising
  • $56,280,875
    Funds lent in using Kiva
  • 43.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $150 helped Nena to purchase motorcycle tires and helmets.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 5, 2013
Listed
Sep 27, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014