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Rosela

Update on Rosela

Rosela has been helping her husband operate a farming business to earn a living. They plant and harvest rice for consumption and sell a portion of it for their needs. After many years of farming, the couple earns s good income and had Rosela successfully repaid her previous loan used for fertilizer. She always finds ways to help the family avoid financial adversity. They work hard on their farm in order to improve and gain a more abundant harvest.

Recently, she took a new loan to buy pesticides, seeds and pay for weeding maintenance costs. In the future, she wants to improve the general living conditions of her family.

Previous Loan Details

Rosela, 63, is married and has three children. She lives in Clarin, Misamis Occidental, with her family. Rosela and her husband own and operate a farming business to earn a living. They plant and harvest rice for consumption and sell a portion of it for their needs. She has been in this business ... More from Rosela'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
  • 1469
    View loans »
    Philippines Loans Fundraising
  • $59,117,025
    Funds lent in using Kiva
  • 44.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $150 helped Rosela to purchase pesticides, seeds and pay for weeding maintenance costs.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 13, 2014
Listed
Feb 24, 2014
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014
This photo was used before for a previous loan for Rosela. It was first posted on Kiva on Aug, 2013. Learn More