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Catalina

Update on Catalina

Catalina operates their farm and at the same time runs a retail store to earn a living. She has been doing this for many years. With the income she generates from these activities, she has been able to successfully repay her previous loans.



Recently, she requested a new loan to purchase fertilizers to improve the farm. She hopes to generate more income in order to pay for their daily needs and to be able to save a portion of her profits for future needs.

Previous Loan Details

Catalina is a widow and lives in Cabungaan, Clarin, Misamis Occidental, with her children. She operates their farm and runs a sari sari store to earn a living. She has been doing this for many years. As a member of GDMPC, she borrowed a loan of 15,000 PHP to purchase fertilizers such as manure an... More from Catalina'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
  • 234
    View loans »
    Philippines Loans Fundraising
  • $53,068,925
    Funds lent in using Kiva
  • 43.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Catalina to improve her farm by purchasing fertilizers.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 28, 2014
Listed
Jun 4, 2014
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014