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Rona

Update on Rona

Rona is 37 years old and married. She helps her husband operate a service-based business.

Aside from this, she also has coco land, their main source of income. In 2008, Rona joined GDMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Her previous loans used in the transportation business were successfully repaid.

Recently, she borrowed to purchase fertilizer and salt for the coco land.She wants to improve the general living situation of her entire family in the near future.

Previous Loan Details

Rona A. is from the village of Dinas, Sinacaban, Misamis Occidental. She is 34 years old. Rona is married. To make a living, Rona owns and operates a service-based business. While not the only means for generating revenue, the main source of income for the business comes primarily from providing ... More from Rona'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
  • 1470
    View loans »
    Philippines Loans Fundraising
  • $59,150,875
    Funds lent in using Kiva
  • 43.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Rona to buy fertilizer and salt for her coco land.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 31, 2013
Listed
Nov 15, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014