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Sarah Jean

Update on Sarah Jean

Sarah Jean is studying for a Bachelor of Science in Business Administration, at Stella Maris College. She has four siblings, and they help in their parents' business, especially on weekends, to earn more income for the family. She used her previous loan from GDMPC to buy school materials and books for the last semester.

Recently, she borrowed a new loan. She will use this new loan to cover the costs of school fees and other miscellaneous expenses. She is hoping to finish her studies and support the family's needs, in the near future.

Previous Loan Details

Sarah Jean is studying for a Bachelor of Science in Business Administration at Stella Maris College. Her parents earn a small amount from her father's barbecue stand while her mother is a house helper. She has four siblings; they helped in their parents' business, especially on weekends, to earn ... More from Sarah 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
  • 360
    View loans »
    Philippines Loans Fundraising
  • $52,140,475
    Funds lent in using Kiva
  • 44.2
    Philippines Pesos (PHP) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $125 helped Sarah Jean to cover the cost of school fees and other miscellaneous expenses.
0% repaid
Repayment Term
49 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Dec 5, 2013
Listed
Dec 17, 2013
Currency Exchange Loss:
Possible
This photo was used before for a previous loan for Sarah Jean. It was first posted on Kiva on Oct, 2013. Learn More