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Lorena

Update on Lorena

Lorena is married with four children. She manages her own farm in the village of Jimenez, Misamis Occidental. Lorena has been growing coconuts for more than ten years and earns well for the family.


She was able to successfully repay her previous loan used for farm fertilization. Recently, she borrowed a new loan to pay for the labor costs of weeding maintenance and plowing for a greener farm.


In the future, Lorena hopes to help her children finish their studies.

Previous Loan Details

Lorena is married with four children. Lorena is 34 years old and lives in Jimenez, Misamis Occidental, Philippines. Lorena is a farmer, and she also produces copra to earn a living. She has been doing this for ten years, and every month she earns 3,000.00 PHP from this activity. She has requeste... More from Lorena'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
  • 1081
    View loans »
    Philippines Loans Fundraising
  • $57,648,050
    Funds lent in using Kiva
  • 43.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Lorena to pay for the labor costs of weeding maintenance and plowing.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 29, 2013
Listed
Nov 30, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014
This photo was used before for a previous loan for Lorena. It was first posted on Kiva on Mar, 2012. Learn More