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Albino

Update on Albino

Albino is from Gata, Jimenez, Misamis Occidental. He is 59 years old. Albino is married and has six children. Her wife is a teacher while Albino owns and operates a business providing transportation services to earn a living. Albino has worked in his business for more than 10 years and earns 10,000 PHP a month for these activities.

In 2007, Albino joined GDMPC. Albino is requesting a loan of 40,000 PHP, which will be used to acquire another motorcycle. He plans to use the additional revenue generated from the business to improve/expand his business.

Previous Loan Details

Albino is from Gata, Jimenez, Misamis Occidental. He is 57 years old. Albino is married and has six children. To make a living, Albino owns & operates a business providing transportation services. Albino been engaged in his business for 10 years and earns 10,000 PHP a month for these activities.… More from Albino'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
  • 496
    View loans »
    Philippines Loans Fundraising
  • $50,987,600
    Funds lent in using Kiva
  • 43.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Albino to acquire another motorcycle.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 16, 2013
Listed
Jul 29, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014