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Clarita

Update on Clarita

Clarita is 56 years old, single, and has one child. She lives in Jimenez, Misamis Occidental. Clarita has managed a general store for thirteen years, earning a good living. She was determined in running her business and was able to repay her previous loan successfully. She has been an active member of GDMPC since 2008. Recently, she borrowed a new loan to purchase more grocery goods to sell. Clarita is hopeful enough of earning more profit with her additional investment. In the future, she hopes to expand and improve her product offerings to earn more income.

Previous Loan Details

Clarita is 56 years old, single, and has one child. She lives in Jimenez, Misamis Occidental. Clarita has a retail shop that sells the basic needs, such as canned goods, noodles, shampoo, toothpaste, spices, salt, milk, sugar, soft drinks, juices, and more. She has operated her store for 12 year... More from Clarita'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
  • 1102
    View loans »
    Philippines Loans Fundraising
  • $57,635,625
    Funds lent in using Kiva
  • 43.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $150 helped Clarita to purchase more grocery goods to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 14, 2013
Listed
Nov 23, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014
This photo was used before for a previous loan for Clarita. It was first posted on Kiva on Apr, 2013. Learn More