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Miguel Jr.

Update on Miguel Jr.

Miguel Jr., aged 44, is married with four children. He is from Dalingap, Tudela, where his banana and root-crop production business is located. Miguel Jr. was only 33 years old when he started cultivating this land. That is quite a long time, but he never ceases because his passion for farming urges him to go on working.

Each month, Miguel Jr. earns 4,000 PHP (Philippines pesos), which he uses for his family. He is now requesting an amount of 8,000 PHP from GDMPC microcredit to purchase fertilizer such as manure. He hopes that his farm will give him an abundant harvest next season.

Previous Loan Details

Miguel Jr., aged 43, is married with four children. He is from Dalingap, Tudela, where his banana and root crops production is located. Miguel Jr. was only 33 years old when he started cultivating this land. That is quite a long time but he never ceases because his passion for farming urges him to… More from Miguel Jr.'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

  • $1175
    Average annual income
  • 297
    View loans »
    Philippines Loans Fundraising
  • $52,091,300
    Funds lent in using Kiva
  • 42.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Miguel Jr. to purchase fertilizer such as manure.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 24, 2013
Listed
May 31, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014