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Update on Nanette

Nanette has been operating a general store in her village, selling a variety of grocery goods. She was able to sustain their living and had successfully repaid her previous loan used for the business with her generated revenue. Improving her business is easier with her access to microfinance services from GDMPC.

She took a new loan to buy additional grocery goods to sell. She always finds ways to augment her business and improve her quality of living. She wants to ensure a better income for her family in the future.

Previous Loan Details

Nanette makes a living by operating a general store in her village. She has earned a good living for the past three years in the business, and is able to provide well for her family's needs. Nanette took a loan from GDMPC micro finance to buy additional grocery goods to sell. She always find... More from Nanette'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
  • 817
    View loans »
    Philippines Loans Fundraising
  • $63,360,225
    Funds lent in using Kiva
  • 43.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Nanette to buy additional grocery goods to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jul 4, 2014
Aug 3, 2014
Currency Exchange Loss:
Feb 20, 2015
This photo was used before for a previous loan for Nanette. It was first posted on Kiva on Feb, 2014. Learn More