Check out some available loans that are similar to this one!
Rosary

Update on Rosary

Rosary is 33 years old and married with three dependents. She lives in Carmen Annex, Osamiz City. Rosary owns and operates a motorcycle transport service business. She established the business as a way to generate extra income and now makes PHP 8,000 per month. She has engaged in this type of service for six years. Recently, she requested a loan of PHP 24,500 from GDMPC. She intends to use the loan to purchase a new set of tires and pay for maintenance. In the future, Rosary wants to expand her business and to have another motorcycle.

Previous Loan Details

Rosary is married with 2 dependents. She is 33 years old and lives in Carmen Annex, Osamiz City. Rosary owns and operates a motorcycle transport service business. She established the motorcycle transport business as a way of generating extra income and now makes PHP 8,000 per month. She has engag... More from Rosary'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
  • 985
    View loans »
    Philippines Loans Fundraising
  • $54,491,625
    Funds lent in using Kiva
  • 43.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Rosary to purchase new set of tires and pay for maintenance.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 21, 2013
Listed
Jun 29, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014