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Update on Henry

To make a living, Henry is operating a motor transportation service in his community. He has been doing this for many years as his main source of income. He earns well from this in order to provide for the family, and had successfully repaid his previous loan used for motor maintenance costs.

Currently, he took a new loan to buy a new set of tires. He plans to save a portion of his generated income to acquire another motorcycle for expanding his business. He wants to improve the general living conditions of his family in the future.

Previous Loan Details

Henry is married with an only child and lives in Mialen, Clarin, Misamis Occidental with his family. He is 46 years old and operating a motor transportation service in his community. He has been doing this for many years as his main source of income. He joined Gata Daku MPC this year and borrowed... More from Henry'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
  • 453
    View loans »
    Philippines Loans Fundraising
  • $69,733,650
    Funds lent in using Kiva
  • 45.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Henry to buy a new set of tires.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jan 13, 2014
Jan 22, 2014
Currency Exchange Loss:
Aug 17, 2014
This photo was used before for a previous loan for Henry. It was first posted on Kiva on Aug, 2013. Learn More