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Jorenda

Update on Jorenda

Jorenda is running a general store in their village, where she lives with her family. She has been doing this for more than six years, using her previous loans as working capital. She managed her business well, and was able to repay her loans successfully.

She recently borrowed a new loan of 15,000 PHP to purchase a variety of grocery products to sell.

She hopes to improve her business, for it is the only way she could earn an income.

In the future, she wants to be successful in her business, and to be able to provide for her family's needs.

Previous Loan Details

Jorenda is a married woman, having four children. Jorenda is 41 years old, residing at Sto. Niño, Tukuran, Zamboanga del Sur, Philippines. Jorenda used her last loan to purchase additional products to sell. Her business has grown and become successful. Now she's taking a new loan to purch... More from Jorenda'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
  • 1431
    View loans »
    Philippines Loans Fundraising
  • $59,148,800
    Funds lent in using Kiva
  • 43.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Jorenda to purchase a variety of grocery products to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 13, 2013
Listed
Oct 18, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014