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Update on Grace

Grace has been running a general store for 23 years, earning well for the family's living. Her husband has a motorcycle service business and it is their main source of income.

She had joined GDMPC in 2008, and her previous loans, used for the store business, were successfully repaid.

Recently, Grace took a new loan to purchase more grocery goods to sell.

Hopeful this will be enough to sustain their business for a stable source of income in the future.

Previous Loan Details

Grace is from Dinas, Sinacaban, Misamis Occidental. She is 46 years old, married and has three children. To make a living, Grace owns and operates a general store. She's been engaged in her business for 22 years and earns 10,000 PHP a month. In 2008, Grace joined GDMPC. Grace is requesting a loan... More from Grace'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
  • 415
    View loans »
    Philippines Loans Fundraising
  • $66,139,225
    Funds lent in using Kiva
  • 43.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Grace to purchase more grocery goods to sell.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Nov 5, 2013
Nov 27, 2013
Currency Exchange Loss:
Oct 17, 2014
This photo was used before for a previous loan for Grace. It was first posted on Kiva on Oct, 2012. Learn More