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Randee

Update on Randee

Randee operates a service-based business, providing transportation services to local community members to earn a living. He has been in this business for more than four years, and he earns a good income for his family. With his income, he was able to provide for his family and successfully repay his previous loan, which he used to buy spare parts. Recently, he took a new loan to buy a new set of tires to replace the old ones. Randee hopes to improve and expand his business. In the future, he wants to provide a better and comfortable living for his family.

Previous Loan Details

Randee is 33 years old and married with two children. He is from Poblacion, Aurora, Zamboanga del Sur. Randee operates a service-based business, providing transportation services to local community members to earn a living. He has been in this business for one year, and he earns 5000 PHP a mo... More from Randee'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

  • $1175
    Average annual income
  • 881
    View loans »
    Philippines Loans Fundraising
  • $54,399,900
    Funds lent in using Kiva
  • 44.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Randee to buy a new set of tires to replace the old ones.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 15, 2014
Listed
May 9, 2014
Currency Exchange Loss:
Possible
Ended:
May 17, 2015