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Flor's Group
In this Group: Flor, Fe, Elsa, Lory
Flor T., aged 45, is from the village of Villaflor. She is the group leader of a 4-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.

Flor is married and has four school-aged children. To make a living, she owns and operates a gardening business in the agriculture sector raising crops. While not the only means for generating revenue, the main source of income for the business comes from planting and harvesting a variety of vegetables for sale. Flor has been engaged in her business for over 11 years and earns approximately 7000 PHP a month from these activities.

In 2000, Flor joined PMPC to gain access to financial services to help improve her living situation and her ability to engage in business activities. She has successfully repaid a previous loan from PMPC. Flor is requesting a new loan of 7000 PHP which will be used to purchase additional seeds, seedlings and young crops to raise. This will be the 10th loan she has taken out from PMPC. She plans to use the additional revenue generated from the business to financially support immediate members of her family.

About PMPC:

Paglaum Multi-Purpose Cooperative (PMPC) is one of the most progressive cooperatives in north-western 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
  • 1158
    View loans »
    Philippines Loans Fundraising
  • $54,905,900
    Funds lent in using Kiva
  • 45.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A portion of Flor's Group's $575 loan helped a member to purchase additional seeds, seedlings and young crops to raise.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 13, 2010
Listed
Jun 1, 2010
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2010