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Oscar

Update on Oscar

Oscar is married and has two children. He is 54 years old and lives in Upper Langcangan, Oroquieta City, Philippines.

Oscar operates a service-based business. To earn a living, he provides transportation services to local community members. He is requesting a loan of 20,000 PHP to purchase a new set of tires.

In the future, Oscar hopes that he will double his business income and that his children will finish their studies.

Previous Loan Details

Oscar is married and has 2 children. He is 53 years old and lives in the Philippines. Oscar operates a service-based business, providing transportation services to local community members to earn a living. He has been doing this for 10 years and every month he earn 6,630 PHP from this work. ... More from Oscar'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
  • 279
    View loans »
    Philippines Loans Fundraising
  • $52,221,600
    Funds lent in using Kiva
  • 42.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Oscar to purchase a new set of tires.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 27, 2013
Listed
Jun 9, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014