Update on JeanJean 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 DetailsJean 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 »
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 GDMPCGata 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.
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This loan has been fully funded!
- Repayment Term
- 49 months (Additional Information)
- Repayment Schedule
- At end of term
- Nov 21, 2013
- Nov 26, 2013
- Currency Exchange Loss:
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.