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Romulo

Update on Romulo

Romulo is a 61-year-old married man, a father of 5 children and the husband of a businesswoman. He lives in Balintawak, Aurora, Zambo. del Sur.

Romulo used his last loan to purchase seedlings. His business been profitable, and he is taking a new loan to acquire more products such as shampoo, milks, soaps and etc. In the future he hopes to be able to expand his business.

Previous Loan Details

Romulo is married and has five adult children. He is now 60 years of age, but is still very active in farming. His wife is also a farmer. He helps her in growing their farm. Romulo owns and operates a business venture in the agricultural sector raising crops. Romulo is engaged in planting and... More from Romulo'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.

About Philippines

  • $7,000
    Average annual income
  • 1469
    View loans »
    Philippines Loans Fundraising
  • $59,389,700
    Funds lent in using Kiva
  • 42.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Romulo to acquire more products such as shampoo, milks, soaps and etc.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 11, 2012
Listed
Apr 23, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2013