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Arlyn

Update on Arlyn

Arlyn is from the village of Rizal, Jimenez, Misamis Occidental. He is 46 years old and is single.

To make a living, Arlyn provides Internet services in the local community. Arlyn has been engaged in his business for years and earns approximately 20,000 PHP a month for these activities. He also owns and manages a general store to gain an additional income.

In 2007, Arlyn joined GDMPC to gain access to financial services to help improve his business and living situation. Arlyn has successfully repaid a previous loan of 50,000 PHP from GDMPC. This previous loan was used to purchase a printer to improve his Internet services.

Arlyn is requesting a new loan of 50,000 PHP, which will be used to purchase rice and corn grits, feed, and other farm supplies. He plans to use the additional revenue generated from the loan to improve and expand his business.

Previous Loan Details

Arlyn O. is from the village of Rizal, Jimenez, Misamis Occidental. He is 44 years old and single. To make a living, Arlyn provides Internet services in the local community. Arlyn has been engaged in his business for over five years and earns approximately 20,000 PHP a month for these… More from Arlyn'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
  • 359
    View loans »
    Philippines Loans Fundraising
  • $52,140,475
    Funds lent in using Kiva
  • 43.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Arlyn to purchase rice and corn grits, feed, and other farm supplies.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 10, 2013
Listed
Jul 29, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014