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Update on Arturo

Arturo owns and operates a business making and serving a different variety of snacks, specializing in buco delights. He has been doing this for more than five years. His income is good and was able to repay his previous loan from GDMPC successfully.

Recently, Arturo borrowed a new loan to purchase ingredients to make buco delights. He is hopeful to gain more returns to save money for the future of his family.

Previous Loan Details

Arturo is from Gango, Ozamis City, Misamis Occidental. He is 42 years old. Arturo is married and has 4 children. To make a living, Arturo owns and operates a business making and serving a variety of different snack items. Arturo been in business for 4 years and earns 20,000 PHP a month for th... More from Arturo'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
  • 469
    View loans »
    Philippines Loans Fundraising
  • $69,677,850
    Funds lent in using Kiva
  • 44.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Arturo to purchase ingredients to make buco delights.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Dec 18, 2013
Dec 24, 2013
Currency Exchange Loss:
Apr 16, 2014
This photo was used before for a previous loan for Arturo. It was first posted on Kiva on Jul, 2012. Learn More