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Susan

Update on Susan

Susan operates a general store and at the same time helps her husband work on their own farm for a living. With her generated income, the previous loan she took out for her store was successfully repaid. Improving her business becomes easier with her access to GDMPC.
To improve her store, she recently took a new loan to purchase more grocery goods to sell. She always wants to improve her business and she plans to use her earnings for her children's future education.

Previous Loan Details

Susan helps her husband manage their farm. She also operates a general store where she spends most of her time. Her previous loan from GDMPC was used for additional capital for the business and she successfully repaid it. Susan requested another loan, which she will use to purchase additional… More from Susan'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
  • 501
    View loans »
    Philippines Loans Fundraising
  • $51,053,400
    Funds lent in using Kiva
  • 43.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Susan to purchase more grocery goods to sell.
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 Susan. It was first posted on Kiva on Jan, 2014. Learn More