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Update on Reneboy

Reneboy is 32 years old and married with one child. He lives in Clarin, Misamis Occidental where he operates his service-based business, carrying passengers and baggage to earn a living.

Reneboy joined GDMPC in 2010, and his previous loan taken to repair the vehicle was successfully repaid. He borrowed a new loan to buy new tires for his motor . He plans to use the additional revenue generated from the business to improve the general living conditions of his family.

Previous Loan Details

Reneboy is 31 years old and married with one child. He lives in Clarin, Misamis Occidental. For over three years, he has worked for a family member's business providing motor transport services; he earns 10,000 PHP each month. Reneboy joined GDMPC in 2010. He is requesting a loan of 15,000 PH... More from Reneboy's previous loan »

Additional Information


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

  • $7,000
    Average annual income
  • 739
    View loans »
    Philippines Loans Fundraising
  • $63,295,350
    Funds lent in using Kiva
  • 43.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Reneboy to buy new tires.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Oct 31, 2013
Nov 9, 2013
Currency Exchange Loss:
Sep 17, 2014
This photo was used before for a previous loan for Reneboy. It was first posted on Kiva on Feb, 2013. Learn More