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Carmelito

Update on Carmelito

Carmelito is 33 years old and married with three children. He is from Tonggo, Tudela. For the past four years, Carmelito has been running a gardening business. He earns 3,200 PHP a month and joined GDMPC in 2012.

Carmelito is requesting a 15,000 PHP loan to purchase additional seeds, seedlings, and fertilizer. He plans to use the additional revenue generated with his loan to improve the general living conditions of his family.

Previous Loan Details

Carmelito is 32 years old, married, and has three children. He is from Tonggo, Tudela. His main source of income comes from his gardening business. He and been three years in gardening, earning an amount of 3,200 PHP a month. This year, Carmelito joined GDMPC. He is requesting a loan of… More from Carmelito'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
  • 349
    View loans »
    Philippines Loans Fundraising
  • $50,930,575
    Funds lent in using Kiva
  • 43.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Carmelito to purchase seeds, seedlings, and fertilizer.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 12, 2013
Listed
Aug 3, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014
This photo was used before for a previous loan for Carmelito. It was first posted on Kiva on Nov, 2012. Learn More