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Junel

Update on Junel

Junel, a married 24-year-old father of one, lives in the village of Camanga in Tukuran, Zamboanga Del Sur, Philippines, where he is a farmer growing rice to earn a living.

Over the past years, he has spent much time planting, weeding and irrigating the area under the heat of the sun and on rainy days. The family's income is derived primarily from rice production, and Junel earns a total revenue of PHP 13,000 a month.

He is now requesting a loan of PHP 40,000 to purchase fertilizers and pay for weeding costs.

Junel became a member of GDMPC in 2011. He hopes to earn large returns from this investment in his rice production. He plans to work on additional farm fields to increase family income, and he hopes for another loan from the cooperative after a full repayment of this loan.

Previous Loan Details

Junel, a married 23-year-old father of one, lives in the village of Camanga in Tukuran, Zamboanga Del Sur, Philippines, where he is a farmer growing palay to earn a living.

Over the past three years, he has spent much time planting, weeding and irrigating the area under the heat of the sun… More from Junel'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
  • 397
    View loans »
    Philippines Loans Fundraising
  • $52,107,900
    Funds lent in using Kiva
  • 43.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Junel to purchase fertilizers and pay for weeding costs.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jul 9, 2013
Listed
Aug 3, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014
This photo was used before for a previous loan for Junel. It was first posted on Kiva on Sep, 2011. Learn More