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James

Update on James

James manages a general store in Poblacion, Pana-on, Misamis Occidental where his family lives. He is 56 years old with one son. He has been selling groceries in the local community to earn a living for more than five years. He also earns from his motor transportation services.

Recently, he took a loan from GDMPC micro credit to purchase stock like canned goods, bottled products, sachet products and noodles. He hopes to gain additional profit so as to have a better living conditions in the future.

Previous Loan Details

James, 56 years old, is a married entrepreneur of Pana-on, Misamis Occidental. He has a child and is earning a living from his transport service business. It started almost five years ago now and he earns PHP 6,000 a month. To improve business, James is borrowing an amount of PHP 15,000 from ... More from James'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
  • 1136
    View loans »
    Philippines Loans Fundraising
  • $54,649,075
    Funds lent in using Kiva
  • 43.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped James to purchase stock like canned goods, bottled products, sachet products and noodles.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 28, 2013
Listed
Jul 14, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014