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Jean

Update on Jean

Jean is a 19-year-old student of Stella Maris College in Oroquieta City studying Business Administration. She is a working student because her father has already died and her mother is earning from her work as a caretaker. She was determined to finish her studies and find a job in the future to help her family. Her previous loan was used to buy books and school materials. Recently, she requested another loan to cover the costs of her second semester allowances. She wants to be successful in her future and be able to help the family to improve their living.

Previous Loan Details

Jean is a 19-year-old student of Stella Maris College in Oroquieta City studying Business Administration. She is a working student because her father has already died and her mother is earning from his work as a caretaker. She was determined to finish her studies and find a job in the future to h... More from Jean's previous loan »

Additional Information

More information about this loan

This loan is part of GDMPC's new student loan program. GDMPC developed this program, with technical assistance from Vittana, to meet the needs of youth who are unable to obtain a higher education because they lack the finances. These loans cover students tuition and other school expenses, giving students the chance to complete vocational school or university. GDMPC believes that this education will equip students with the skills necessary to enter the workforce or start their own business. 

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
  • 1098
    View loans »
    Philippines Loans Fundraising
  • $54,720,425
    Funds lent in using Kiva
  • 43.9
    Philippines Pesos (PHP) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $125 helped Jean to cover the costs of her second semester allowances.
0% repaid
Repayment Term
49 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Nov 21, 2013
Listed
Nov 26, 2013
Currency Exchange Loss:
Possible
This photo was used before for a previous loan for Jean. It was first posted on Kiva on Oct, 2013. Learn More