Check out some available loans that are similar to this one!
Sergio Sr.

Update on Sergio Sr.

Sergio Sr. is a 44-year-old married man who is an entrepreneur with seven children living in Militar, Tukuran. He has been earning from his fishing business for almost five years now with an income of 3,000 PHP a month. To improve his business, he borrowed 5,500 PHP from GDMPC micro credit, which he just joined last year, in order to purchase a new set of fishing nets to be used for fishing. He plans to purchase another fishing boat in the near future.

Previous Loan Details

Sergio Sr. is 43 years old, and is a married entrepreneur of Militar, Tukuran with 7 children. He is earning from his fishing business. It has been running for almost 4 years now and he earns 3,000 PHP a month. To improve his business, he has borrowed 5,600 PHP from GDMPC micro-credit, which he j... More from Sergio Sr.'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
  • 1443
    View loans »
    Philippines Loans Fundraising
  • $59,280,625
    Funds lent in using Kiva
  • 41.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $150 helped Sergio Sr. to purchase a new set of fishing nets.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 17, 2013
Listed
May 28, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013
This photo was used before for a previous loan for Sergio Sr.. It was first posted on Kiva on Nov, 2012. Learn More