Check out some available loans that are similar to this one!
Norberto

Update on Norberto

Norberto is married and has seven children. He resides in Aurora, Zamboanga Del Sur, Philippines. Norberto runs a general store to earn a living. Aside from this, he operates a transportation service where he transports customers and packages. He will use this 25,000 PHP loan to buy spare parts to service his motorbike.

Norberto joined GDMPC and has successfully repaid his previous loans. In the future, Norberto wants to make improvements to his house and to improve the general living conditions of his family.

Previous Loan Details

Norberto is married and has seven children. He is 55 years old and resides in Aurora, Zamboanga Del Sur, Philippines. Norberto runs a general store to earn a living. He has been in this business for 3 years and earns 8,400 PHP a month. He requested a loan of 12,000 PHP to purchase new items such ... More from Norberto'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.

Tags

About Philippines

  • $7,000
    Average annual income
  • 1214
    View loans »
    Philippines Loans Fundraising
  • $57,777,750
    Funds lent in using Kiva
  • 43.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Norberto buy spare parts for his motorbike.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 13, 2013
Listed
Sep 17, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014