PhilippinesRetailFunding via Center for Community Transformation Credit Cooperative, a partner of HOPE International
PhilippinesFoodFunding via Paglaum Multi-Purpose Cooperative (PMPC)
PhilippinesFoodFunding via Center for Community Transformation Credit Cooperative, a partner of HOPE International
Update on LornaLorna earns well from her transportation services and was able to repay her previous loan used buying tires and accessories. While her husband works abroad, she continue expanding her business and was engaged in serving internet cafe in their village. Recently, she took a new loan from GDMPC micro credit to purchase another unit of computer. In the future, Lorna hopes to enable her children to finish their studies and to double her income from her business.
Previous Loan DetailsLorna is a 51 years old and is married. She has four children and lives in Calamba, Misamis Occidental. Lorna owns and manages transportation services for a living and has been in this business for four years. She earns 10,000 from this business monthly. She requested a loan of 20,000 to purchase... 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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