Update on RosaRosa has been earning income from a transportation service for many years. In addition to also earning income from her farm, she has been able to sustain other business that brings income to her family. She has successfully repaid her previous loan used for motor accessories.
To improve her farm, she took a new loan from GDMPC micro credit to purchase organic fertilizer. In the future, Rosa hopes to support her child's education and to provide her with better living conditions.
Previous Loan DetailsRosa of Dinas, Sinacaban, Misamis Occidental, is a 50-year-old single mom earning 3,000 PHP a month from her motor transport service-based business. In order to support her child, she joined GDMPC to gain access to microfinance. Recently Rosa requested a loan of 10,000 PHP to purchase a… More from Rosa'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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