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Laurente
Laurente lives in Clarin, Misamis Occidental. He is 43 years old. Laurente is married and has four school-aged children. To make a living, he owns and operates a motorcycle transport service. He has been engaged in his business for over 3 years and earns approximately 45,000 PHP a month for these activities.

He is requesting a loan of 60,000 PHP which will be used to purchase spare parts and tires and to pay for maintenance. In 2004, Laurente joined GDMPC to gain access to financial services to help improve his business and living situation. He plans to use the additional revenue generated from the loan to improve and expand his business.

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.

About Philippines

  • $1175
    Average annual income
  • 312
    View loans »
    Philippines Loans Fundraising
  • $52,105,400
    Funds lent in using Kiva
  • 41.0
    Philippines Pesos (PHP) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,475 helped Laurente to purchase spare parts and tires and to pay for maintenance.
65% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 25, 2013
Listed
Apr 7, 2013
Currency Exchange Loss:
Possible