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Maria Clara

Update on Maria Clara

Maria Clara lives in Lanao del Norte with her children. She runs a general store selling goods in their local community to earn a living and has had this business for four years. Aside from this, she helps her husband operate their own fishing business and she earns a better income from this. With her generated revenue from fishing, her previous loan used for fishing nets was successfully repaid. She provides for her family with her earnings. She is determined and faithful in doing this for the family. She borrowed a loan recently from GDMPC micro credit to buy additional grocery goods. She plans to expand her store in order to gain more income for her family's needs. She hopes to be able to get another fishing boat to be used for her fishing business.

Previous Loan Details

Maria Clara is 43 years old and married. She sells fish in their community to earn a living. Her husband worked as a fisherman. She has been doing this for nine years. In 2011, she became a member of Gata Daku MPC and recently borrowed a loan of 5,000.00 PHP to buy new fishing nets. She hopes to ... More from Maria Clara'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

  • $1175
    Average annual income
  • 1100
    View loans »
    Philippines Loans Fundraising
  • $54,720,425
    Funds lent in using Kiva
  • 44.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Maria Clara to buy additional grocery goods to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 13, 2014
Listed
Mar 19, 2014
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014