Update on ArturoArturo is married and lives in Tabid, Ozamiz City, Philippines with his family. Arturo is operating a general store, selling a variety of products to local community members. He has been doing this for more than 32 years to make a living. In 2007, he joined GDMPC and his previous loan that was used in his business was successfully repaid. Recently, he borrowed a new loan of 15,000 PHP to purchase rice and corn grits for sale in addition to his inventory working capital. He is determined and hopeful to earn more profit in this investment and save for the better future of his family.
Previous Loan DetailsArturo, married, is 66 years old and lives in Tabid, Ozamiz City, Philippines. To earn a living, Arturo is operating a general store, selling a variety of products to local community members. He has been doing this for 32 years and every month he earn 5,000 PHP from this work. He has requested a… More from Arturo's previous loan »
About GDMPCGata 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.
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Success!! The loan was 100% repaid