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Jovita

Update on Jovita

To make a living, Jovita owns and operates a general store in herr village. She used her previous loans to improve her business and had successfully repaid them. Supervising the business personally is not easy but with love the love and help of her family, she has been able to continually improve it. Recently, she took a new loan from GDMPC micro credit to purchase beverages and more grocery goods to sell. In the future, she would like to sustain and improve the business to ensure a better source of income.

Previous Loan Details

Jovita is 38 years old and lives in Aurora, Zamboanga del Sur, Philippines. Jovita used her last loan to buy new items to expand her inventory. Now she is requesting another loan in the amount of PHP 40,000. This is her 12th loan taken from GDMPC, and will be used to purchase a refrigerator for h... More from Jovita'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
  • 1430
    View loans »
    Philippines Loans Fundraising
  • $59,148,800
    Funds lent in using Kiva
  • 45.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Jovita to purchase beverages and more grocery goods to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 6, 2014
Listed
Feb 24, 2014
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2015
This photo was used before for a previous loan for Jovita. It was first posted on Kiva on Feb, 2013. Learn More