Update on FlorenceFlorence operates a service-based business that provides transportation in their village, and her husband is a driver. She earns well from this to provide for the needs of the family. She has to work hard aside from farming in order to provide her child a better education. She had successfully repaid her previous loan, which was used for buying tires. Recently, she took a new loan to cover the motorcycle maintenance cost. In the near future, she plans to build a store for her to earn daily income. She wants to improve the general living situation of her family in the future.
Previous Loan DetailsFlorence is from Gata Diot, Clarin. She is 29 years old, married and has one child. To make a living, Florence has been managing a transportation service, while her husband is a driver. Florence successfully repaid her previous loans, which she used to improve her existing vehicle. She is req... More from Florence'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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