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Abundio
Abundio of Palilan, Jimenez, Misamis Occidental is a 23-year-old single man providing motor transport services in his community. He's been doing this business for two years. In 2012, he joined GDMPC micro credit, gaining access to its micro finance services. Recently, he borrowed an amount of 10,000 PHP to purchase a new set of tires and to renew his license. He plans to save his revenue from this business for maintenance and to provide his family's basic needs.

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
  • 1114
    View loans »
    Philippines Loans Fundraising
  • $54,595,750
    Funds lent in using Kiva
  • 42.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Abundio to purchase a new set of tires and to renew his license.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 24, 2013
Listed
Jun 11, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013