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

Update on Geraldine

Geraldine owns and operates a motorcycle transport service in the local community to earn a living. He has been doing this for more than four years. He had successfully repaid his previous loan used for buying spare parts for repair and recently, he took a new loan to purchase new tires to replace the old used ones. He is planning to improve the business to have a better source of income for his family.

In the future, he wants to make improvements to his house and to improve the general living conditions of his family.

Previous Loan Details

Geraldine is 30 years old, married and has one child. He lives in Aurora, Zamboanga Del Sur. He owns and operates a motorcycle transport service in the local community to earn a living. He has been in his business for over three years and earns 15,000 PHP every month. He joined in GDMPC in th... More from Geraldine'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
  • 892
    View loans »
    Philippines Loans Fundraising
  • $54,399,900
    Funds lent in using Kiva
  • 43.5
    Philippines Pesos (PHP) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $575 helped Geraldine to purchase new tires.
83% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 18, 2014
Listed
Jul 18, 2014
Currency Exchange Loss:
Possible
This photo was used before for a previous loan for Geraldine. It was first posted on Kiva on Apr, 2013. Learn More