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Cerilo

Update on Cerilo

Cerilo is a 53 years old, married, and has two children. He lives in Clarin, Misamis Occidental. Cerilo owns and operates a farm, planting and harvesting bananas, corn, and coconut, which he sells to earn a living. He has been farming for many years and earns 8,000 PHP a month.

Cerilo joined GDMPC in 2009 and is requesting a new loan for 15,000 PHP, which he will use to purchase fertilizer and weeding maintenance items. He plans to use the additional revenue generated from the business to improve and expand his business.

Previous Loan Details

Cerilo is a 52 years old and married with 2 children. He lives in Clarin, Misamis Occidental. Cerilo owns and operates farmland, planting and harvesting bananas that he sells to earn a living. He's been with his business over four years and he earns 8,000 PHP each month. He joined GDMPC in 2009 a... More from Cerilo'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
  • 945
    View loans »
    Philippines Loans Fundraising
  • $53,488,575
    Funds lent in using Kiva
  • 43.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Cerilo to purchase fertilizer and weeding maintenance items.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 16, 2013
Listed
Aug 1, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014
This photo was used before for a previous loan for Cerilo. It was first posted on Kiva on Feb, 2013. Learn More