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Aracele Tapales Group
In this Group: Aracele, Nila
Aracele T., from the town of Lopez Jaena, is the 65-year-old leader of a two-member group loan offered by PMPC. While both members of the group receive an individual loan, each is responsible for paying back the loan of her fellow group member if she is delinquent or defaults.

Aracele is married and has three school-aged children. To make a living, Aracele owns and operates a business selling snacks and other delicacies in the local community. Engaged in her business for over three years, she earns approximately 1,000 PHP a month.

In 2008, Aracele joined PMPC to gain access to financial services to help improve her living situation and ability to engage in business activities. Having fully repaid a previous loan of 5,000 PHP from PMPC that was used to purchase raw ingredients needed to make products for sale, she is now requesting a new loan of 3000 PHP to be used for the same purpose. This loan will be Aracele's third from PMPC, and 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 Partners 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

  • $7,000
    Average annual income
  • 1575
    View loans »
    Philippines Loans Fundraising
  • $59,060,350
    Funds lent in using Kiva
  • 45.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A portion of Aracele Tapales Group's $400 loan helped a member to purchase raw ingredients needed to make products for sale.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Mar 12, 2010
Mar 21, 2010
Currency Exchange Loss:
Jan 15, 2011