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Update on Rasel

Rasel has run her grocery business for more than eleven years to make a living. She sells a variety of goods which help her earn more income. Rasel’s business experience is not enough to shield her from business ups and downs, but she is very determined to support her children and work hard to earn more.

Rasel is requesting a loan to buy additional grocery goods to sell. She wants to improve her business and provide good shopping for her costumers. In the future, Rasel wants to improve the general living conditions of her family.

Previous Loan Details

Rasel lives in her own house, along with her only child. She sells a variety of products such as candies, canned goods, noodles, sugar, bottled products and coffee. For ten years her business has been smooth running, and she generates income for their daily needs. She is a hard-working and respon... More from Rasel's previous loan »

Additional Information


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
  • 1865
    View loans »
    Philippines Loans Fundraising
  • $61,075,150
    Funds lent in using Kiva
  • 44.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,350 helped Rasel to buy additional groceries to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Mar 4, 2014
Mar 17, 2014
Currency Exchange Loss:
Oct 17, 2014