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Marianita

Update on Marianita

To make a living, Marianita has been selling different types of products in her merchandise store. She earns a good income from this and was able to provide her family. With her generated income, she successfully repaid her previous loan used to improve the business. She always finds ways to offer more goods in order to increase her profits. She took out a new loan recently to purchase additional items to sell. She hopes to improve her business to improve the general living conditions of her family.

Previous Loan Details

To make a living, Marianita sells different types of products in her merchandise store. She earns well from this and has been able to provide for her family while successfully repaying her previous loan, which she used to improve her business. She always finds ways to offer more goods in order to... More from Marianita'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.

Tags

About Philippines

  • $1175
    Average annual income
  • 350
    View loans »
    Philippines Loans Fundraising
  • $52,140,900
    Funds lent in using Kiva
  • 43.5
    Philippines Pesos (PHP) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $350 helped Marianita to purchase additional items to sell.
74% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 17, 2014
Listed
Jul 27, 2014
Currency Exchange Loss:
Possible
This photo was used before for a previous loan for Marianita. It was first posted on Kiva on Feb, 2014. Learn More