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Randy

Update on Randy

Randy lives in Bayabas, Aurora, Zamboanga Del Sur. He has been earning a living through providing transportation services for years so as to support the needs of his two children. He also buys coconut shells and produces charcoal for sale in the market. For a 41-year-old father, there’s nothing that can make him happier than to see his children successful in their studies.

Randy borrowed 40,000 PHP from GDMPC Microcredit to purchase more coconut shells for charcoal production. He joined GDMPC in 2009. His plan in the future is to improve his business.

Previous Loan Details

Randy lives in Bayabas, Aurora, Zamboanga Del Sur. He has been earning a living through proving transportation services for 5 years so as to support the needs of his two children. He gets an income of 10,000 PHP a month for this business. For a 40-year-old father, there’s nothing that can make hi... More from Randy'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.

Tags

About Philippines

  • $1175
    Average annual income
  • 1120
    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 $950 helped Randy to purchase more coconut shells for charcoal production.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 24, 2013
Listed
Jun 13, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014