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Ma. Theresa

Update on Ma. Theresa

Ma. Theresa owns and manages a general store, selling groceries in her local community to make a living. She has been doing this for eight long years. She successfully repaid her previous business loan. She became a member of GDMPC in 2011. Recently, she took out a new loan to buy more goods to sell. She plans to make her store a general merchandise business some day.

Previous Loan Details

Ma. Theresa is living in Palilan, Jimenez, Misamis, Occidental. She is 49 years old and married with four children. She owns and manages a general store, selling groceries in her local community to make a living. She has been doing this for more than seven years. She became a member of GDMPC in t... More from Ma. Theresa'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
  • 684
    View loans »
    Philippines Loans Fundraising
  • $63,147,100
    Funds lent in using Kiva
  • 43.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Ma. Theresa to buy more goods to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jun 30, 2014
Jul 28, 2014
Currency Exchange Loss:
Jul 17, 2015
This photo was used before for a previous loan for Ma. Theresa. It was first posted on Kiva on Jul, 2013. Learn More