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Nenita

Update on Nenita

Nenita is fifty-three years old, married, and has four children. She helps her husband in managing their own garden to earn a living. She has been in business for 13 years, and she has been able to provide for the needs of the family. Her previous loan from GDMPC was used to purchase fertilizer and was successfully repaid. Recently, she took out a new loan, to buy new seedlings to improve the farm. She plans to use the additional revenue that is generated to improve and expand her business.

Previous Loan Details

Nenita is from Colambutan Settlement, Tudela, Misamis Occidental. She is fifty-two years old, married, and has four children. She manages a gardening business for a living. She has been in her business for 12 years and earns 3,000 PHP a month. In 2006, Nenita joined GDMPC. Nenita is requesting… More from Nenita'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
  • 394
    View loans »
    Philippines Loans Fundraising
  • $50,847,100
    Funds lent in using Kiva
  • 43.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $100 helped Nenita to purchase new seedlings for her garden.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 22, 2013
Listed
Nov 15, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014