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Bensie

Update on Bensie

Bensie runs a general store, selling various goods in the local community. She has been doing this for more than eight years and she has successfully repaid her previous loan used for buying goods.

To offer more goods in her store, she took recently her new loan to buy more grocery goods to sell. She plans to save the additional revenue generated from the loan as a reserve for future emergencies.

Previous Loan Details

Bensie is 37-years-old, married and lives in Rizal, Jimenez. She runs a general store, selling a variety of food and home-use products in the local community. Bensie has been in business for more than six years and earns 8,000 Philippine Pesos (PHP) a month. Bensie has requested a loan of 15,0... More from Bensie'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
  • 1351
    View loans »
    Philippines Loans Fundraising
  • $56,542,450
    Funds lent in using Kiva
  • 43.3
    Philippines Pesos (PHP) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $600 helped Bensie to buy more grocery goods to sell.
91% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 2, 2014
Listed
Jul 28, 2014
Currency Exchange Loss:
Possible