Update on LornaLorna , a mother of two has been running a retail store for a living. Her husband is a farmer and she also helps him planting crops. With her generated revenue from the business, her previous loan used for it was successfully repaid. Aside from this, she also earn more amount of income from her banana farm where she had started two years ago. She harvested banana produce twice a month. To improve and sustain the farm, she took a new loan to cover fertilization cost. She plans to use the additional revenue generated from the loan to to save as a reserve for future emergencies. In the future, she wants to improve the general living situation of her family. .
Previous Loan DetailsLorna is from Calamba, Misamis Occidental. She is 47 years old. Lorna is married and has two children. To make a living, Lorna owns a general store, selling a variety of food and home used products in the local community, such as candies, cigarettes, shampoo, soaps and many other items. Lorna... More from Lorna's previous loan »
About GDMPCGata 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.
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