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Donald

Update on Donald

Donald has been running his transportation service while working at a private institution. He earns better income from this to cover his living expenses. He successfully repaid his previous loans used for his business. Recently, Donald took a new loan to cover house repair costs. He wants to provide a better education for his children, as well as improve the general living conditions of the entire family.

Previous Loan Details

Donald is from Lapasan, Clarin. He is 31 years old and married, with four children. To make a living, Donald owns and operates a transportation services business. Donald has engaged in his business for three years and earns PHP 8,000 a month from these activities. In 2010, Donald joined GDMPC... More from Donald'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

  • $7,000
    Average annual income
  • 1305
    View loans »
    Philippines Loans Fundraising
  • $57,946,175
    Funds lent in using Kiva
  • 43.7
    Philippines Pesos (PHP) = $1 USD
Expired
A loan of $1,275 helped Donald to cover house repair costs.
Repayment Term
31 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 10, 2014
Listed
Jul 20, 2014
Currency Exchange Loss:
Possible
Expired:
Aug 19, 2014
This photo was used before for a previous loan for Donald. It was first posted on Kiva on Sep, 2012. Learn More