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Angel

Update on Angel

From the village of Gata Daku, Clarin, Misamis Occidental, Angel is 48, married, and has two children. He has been carrying passengers and baggage to their destination for many years in order to earn a living.

Angel's previous loans, since repaid, were used for his vehicle, resulting in a better income. He has now requested a new loan of 20,000 PHP to pay for vehicle tires and the renewal of his motor registration and licenses.

While saving a portion of his income for any future family emergencies, Angel plans to buy a new motorcycle to add to his business.

Previous Loan Details

Angel is from the village of Gata Daku, Clarin, Misamis Occidental. He is 47, married, and has two children. Angel used his last loan to repair a transport vehicle used in his business. His business is successful, and he is taking a new loan to purchase additional vehicle spare parts. In the future… More from Angel'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
  • 501
    View loans »
    Philippines Loans Fundraising
  • $51,053,400
    Funds lent in using Kiva
  • 43.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Angel to pay for vehicle tires and the renewal of his motor registration and licenses.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 1, 2013
Listed
Oct 14, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014
This photo was used before for a previous loan for Angel. It was first posted on Kiva on Feb, 2012. Learn More