Check out some available loans that are similar to this one!
Mernafe

Update on Mernafe

Mernafe is single with one child, residing in Poblacion, Aurora. For more than five years of being in a service-based type of business activity, Mernafe earns a monthly income of PHP 8,000. Her previous loan from GDMPC that was used to purchase spare parts and accessories was successfully repaid.

Recently, she borrowed a new loan of 50,000 PHP to cover the costs of motor repair and accessories. Mernafe hopes to expand her business and to gain more income.

Previous Loan Details

Mernafe is 37 years old. She is single with 1 child. She resides in Poblacion, Aurora. After 5 years of being in a service-based type of business activity, Mernafe earns a monthly income of 8,000. Mernafe has applied for a loan of 45,000 from GDMPC to purchase vehicle spare parts and accessories.... More from Mernafe'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.

Tags

About Philippines

  • $7,000
    Average annual income
  • 1234
    View loans »
    Philippines Loans Fundraising
  • $57,777,750
    Funds lent in using Kiva
  • 43.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Mernafe to cover the costs of motor repair and accessories.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 20, 2013
Listed
Oct 3, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014
This photo was used before for a previous loan for Mernafe. It was first posted on Kiva on Jan, 2013. Learn More