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Braulio

Update on Braulio

Braulio is married and has three children. He is 39 years old and resides at Camanga, Tukuran, Zamboanga del Sur, Philippines.

Braulio has been operating a farming business for more than 10 years. Each month, he earns PHP 4,000 from his business. He requested a loan of PHP 3,000 to purchase fertilizer such as manure and buy assorted varieties of seedlings. In the future, he wants to save a portion of his profit as a reserve fund for future emergencies and to purchase more farm land.

Previous Loan Details

Braulio is married and has three children. He is 38 years old and resides at Camanga, Tukuran, Zamboanga del Sur, Philippines. Braulio has been operating a gardening business for a living and his been in this business for 10 years. Each month, he earns PHP 4,000 doing this type of business. H... More from Braulio'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

  • $7,000
    Average annual income
  • 1457
    View loans »
    Philippines Loans Fundraising
  • $59,151,425
    Funds lent in using Kiva
  • 43.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $75 helped Braulio to purchase fertilizer such as manure and buy assorted varieties of seedlings.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 21, 2013
Listed
Jul 3, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014