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Update on Gerry

Gerry used his last loan to purchase a motorcycle sidecar. His business is successful, and he is taking care of his other business, planting bananas. He is taking out a new loan to purchase additional seeds, seedlings, and young crops to raise.

In the future he hopes to be able to expand his business.

Previous Loan Details

Gerry, a resident of Clarin, Misamis Occidental, Philippines, is 34 years old, married, and operates his own two-wheeled motorcycle to earn a living for the past year. His service has the capacity to transport up to four passengers to their designated destinations, earning him approximately PHP 1... More from Gerry'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
  • 775
    View loans »
    Philippines Loans Fundraising
  • $63,325,000
    Funds lent in using Kiva
  • 41.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Gerry to purchase additional seeds, seedlings, and young crops to raise.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Jul 4, 2012
Jul 19, 2012
Currency Exchange Loss:
Jan 15, 2013