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Nonito

Update on Nonito

Nonito supports his family with the small amount of income he generates from his farm. With this, he was able to improve their living and had successfully re-payed his previous loan used for farming. He always wants to provide the best for the family. Recently, he took a new loan to purchase fertilizer and organic pesticides to have a greener farm.

Nonito hopes to improve his farm, and wants to improve the general living situation of the entire family.

Previous Loan Details

Nonito is a 56-year-old resident of Lower Usogan, Bonifacio, in the Philippines. For 33 years, Nonito has helped to support his family, using the small amount of money he generates (6,000 PHP monthly) from his corn and coconut production business. This year, as a member of GDMPC, Nonito is… More from Nonito'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
  • 366
    View loans »
    Philippines Loans Fundraising
  • $50,851,300
    Funds lent in using Kiva
  • 44.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Nonito to purchase fertilizer and organic pesticides.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 24, 2014
Listed
Apr 23, 2014
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014
This photo was used before for a previous loan for Nonito. It was first posted on Kiva on Nov, 2012. Learn More