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Rosita

Update on Rosita

Rosita is 58 years old and a widow. She has five children. She operates a business, making and selling rice cakes in the local community to earn a living. She has been in her business for nine years, and she earns well for her family's living.She joined GDMPC in 2011, and her previous loans used in the business have been successfully repaid. Currently, she borrowed a new loan, which she used to purchase ingredients for making rice cakes to sell. She plans to use the additional revenue generated from her business, to improve the general living conditions of her family.

Previous Loan Details

Rosita is 58 years old and married with 5 children. She lives in Clarin, Misamis Occidental. She owns and operates a business that sells rice cakes in the local community to earn a living. She has been in her business for more than 8 years and earns 8,000 PHP every month. She joined GDMPC in 2011... More from Rosita'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
  • 1041
    View loans »
    Philippines Loans Fundraising
  • $54,557,775
    Funds lent in using Kiva
  • 43.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Rosita to purchase ingredients for making rice cakes to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 12, 2013
Listed
Nov 19, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 7, 2015
This photo was used before for a previous loan for Rosita. It was first posted on Kiva on Mar, 2013. Learn More