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Sarah

Update on Sarah

Sarah is married with 7 children. She lives in Clarin, Misamis Occidental. She owns and operates a retail business in the local community to earn a living while her husband is farming, the main source of income. She has joined GDMPC to gain access to financial services to help improve her living situation and her ability to engage in business activities. Her previous loan was used in her retail store was successfully repaid. Recently, she borrowed a new loan of 9,000 PHP to buy dried fish for sale in addition to her inventory working capital. She plans to use the profit generated from the business to improve the general living conditions of her family.

Previous Loan Details

Sarah is 49 years old and married with 7 children. She lives in Clarin, Misamis Occidental. She owns and operates a retail business in the local community to earn a living. She has been in her business for over 7 years and earns about 5,500 PHP every month. She has joined GDMPC to gain access to… More from Sarah'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
  • 492
    View loans »
    Philippines Loans Fundraising
  • $50,998,450
    Funds lent in using Kiva
  • 43.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Sarah to buy dried fish for sale in addition to her inventory working capital.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 24, 2013
Listed
Oct 6, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014
This photo was used before for a previous loan for Sarah. It was first posted on Kiva on Mar, 2013. Learn More