Update on GloriaGloria is widow and lives in Carmen Annex, Ozamiz City. To make a living, Gloria owns and operates a transportation services business. While it is not the only means of generating revenue, the main source of income for the business comes from operating motorcycle-transport services. She also provides manicures and pedicures in their community to earn extra income. She has been doing this for ten years. She successfully repaid her previous loan, which helped keep her business running. After she joined Gata Daku MPC, her ability to engage business was improved, as was her quality of life. She also gained access to microfinance services and was able to take out a new loan to buy a new manicure and pedicure set, with a portion being used to buy tires for her motorcycle. She is hopeful that, with this new beauty set, she will gain more clients and generate more income for a better future.
Previous Loan DetailsGloria is from Carmen Annex, Ozamiz City. She is 57 years old, a widow and has two children. To make a living, Gloria owns and operates a transportation services business. While not the only means for generating revenue, the main source of income for the business comes from operating motorcycle-t... More from Gloria's previous loan »
About GDMPCGata 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.
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Success!! The loan was 100% repaid
- Repayment Term
- 10 months (Additional Information)
- Repayment Schedule
- Jul 31, 2013
- Aug 21, 2013
- Currency Exchange Loss:
- Apr 16, 2014
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.