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Valentina

Update on Valentina

Valentina runs her sari sari, or general store, while her husband fishes to earn a living. She is a GDMPC client who with their help has seen her business improve. She took out a previous loan which was successfully repaid through her generated revenue.


Valentina has taken a new 10,000 PHP loan to buy more groceries to add to her stock. She plans to make her sari sari a full merchandise store in the future in order to create a bigger source of income and a more comfortable lifestyle.

Previous Loan Details

Valentina has been running her general store while her husband does fishing to earn a living. She earns well from this activity and successfully repaid her previous loan used for the retail business. Recently, she took a new loan from GDMPC micro finance to buy more grocery goods to sell. She pla... More from Valentina'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

  • $7,000
    Average annual income
  • 1499
    View loans »
    Philippines Loans Fundraising
  • $59,411,500
    Funds lent in using Kiva
  • 43.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Valentina to buy more groceries to add to her stock.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 4, 2014
Listed
Aug 3, 2014
Currency Exchange Loss:
Possible
Ended:
Feb 20, 2015
This photo was used before for a previous loan for Valentina. It was first posted on Kiva on Feb, 2014. Learn More