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

Update on Marieta

Marieta is a married woman who has four children. She is 46 years old and resides at Mobod, Oroquieta City, Philippines.

Marieta owns and operates a charcoal business to earn a living and she's been in this business for more than 10 years. Each month, she earns 3,000 PHP doing this type of business. In addition to this, she also buys charcoal to resell in bulk for a higher price. With this strategy, she will be able to earn more profit. Her previous loan from GDMPC was successfully repaid and recently, she borrowed a new loan of 25,000 PHP to purchase wood and charcoal to resell. Her goal was to help improve her living situation and increase her ability to engage in business activities.

Previous Loan Details

Marieta is a married woman who has four children. Marieta is 45 years old and resides at Mobod, Oroquieta City, Philippines. Marieta owns and operates a charcoal business to earn a living and she's been in this business for nine years. Each month, she earns 3,000 PHP doing this type of business... More from Marieta'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

  • $7,000
    Average annual income
  • 1402
    View loans »
    Philippines Loans Fundraising
  • $59,122,500
    Funds lent in using Kiva
  • 43.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Marieta to purchase wood and charcoal to resell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 30, 2013
Listed
Oct 16, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014
This photo was used before for a previous loan for Marieta. It was first posted on Kiva on Jan, 2012. Learn More