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Cecelia Villalon's Group
In this Group: Cecelia, Genalyn, Tita
Cecelia V. is from the village of Lower Lamac. She is 52 years old. Cecelia is the group leader of a three-member group loan offered by PMPC. While each member of the group receives an individual loan, they are all collectively responsible for paying back the loans of their fellow group members if someone is delinquent or defaults.

Cecelia is married and has four adult children. To make a living, Cecelia owns and operates a "lapida" (epitaph) making business, providing epitaph services to local community members. Cecelia has been in business for more than ten years and earns approximately 10,000 PHP a month for these activities.In 2004, Cecelia joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Cecelia has successfully repaid a previous loan from PMPC. Cecelia is requesting a new loan of 10,000 PHP, which will be used to purchase materials needed to provide service. This loan will be the tenth loan taken out by Cecelia from PMPC. She plans to use the additional revenue generated from the business to improve the general living conditions of her family.

About PMPC:

Paglaum Multi-Purpose Cooperative (PMPC is one of the most progressive cooperatives in northwestern Mindanao. It reaches out to the rural poor using the Grameen model.

*Note: To maximize efficiency and reduce costs, this loan was posted using a template to automate the translation by Kiva. Given that manual translation of entrepreneur profiles is costly, Kiva created this template for our Field Partner to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.

Additional Information

About Paglaum Multi-Purpose Cooperative

Paglaum Multi-Purpose Cooperative (PMPC) was founded in 1992 by the beneficiaries, parents and staff of the Paglaum Community Development Foundation to address economic and livelihood activities for sustainability. The organization operates in the northwestern provinces of Mindanao and Visayas.

In the local vernacular, “paglaum” means “hope.” The initial foundation is dedicated to child development through a holistic approach. The goal is to build self-reliance and expand opportunity so the poorest of the poor can help themselves.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Philippines

  • $1175
    Average annual income
  • 1382
    View loans »
    Philippines Loans Fundraising
  • $56,526,750
    Funds lent in using Kiva
  • 46.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A portion of Cecelia Villalon's Group's $500 loan helped a member to purchase materials needed to provide epitaph service.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 19, 2010
Listed
Feb 24, 2010
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2010