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Update on Vevencia

Vevencia has operating a general store for six years in order to make a living. With her generated revenue, she repaid her previous loan used successfully for the business.

To improve her offerings, she took a new loan recently to purchase more grocery goods to sell. She plans to use the additional revenue generated from the loan as a reserve for future emergencies.

With this activity, she is hoping to ensure a better source of income in the future.

Previous Loan Details

For over 4 years in Panduma, Tukuran, Vevencia, a 55-year-old married mother of 4 children, has made a living through the operation of a general store, selling a variety of food and home-use products. She earns 5,000 PHP a month for these activities. In 2010, Vevencia joined GDMPC to gain acce... More from Vevencia's previous loan »

Additional Information


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

  • $7,000
    Average annual income
  • 1276
    View loans »
    Philippines Loans Fundraising
  • $57,910,775
    Funds lent in using Kiva
  • 43.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Vevencia to purchase more grocery goods to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jun 20, 2014
Jul 1, 2014
Currency Exchange Loss:
Jan 25, 2015
This photo was used before for a previous loan for Vevencia. It was first posted on Kiva on Jun, 2012. Learn More